It|PRP will|MD also|RB purchase|VB $|$ 473|CD million|CD in|IN assets|NNS ,|, and|CC receive|VB $|$ 550|CD million|CD in|IN assistance|NN from|IN the|DT RTC|NNP .|. The|DT following|JJ issues|NNS were|VBD recently|RB filed|VBN with|IN the|DT Securities|NNP and|CC Exchange|NNP Commission|NNP :|: American|NNP Cyanamid|NNP Co.|NNP ,|, offering|NN of|IN 1,250,000|CD common|JJ shares|NNS ,|, via|IN Merrill|NNP Lynch|NNP Capital|NNP Markets|NNP .|. Limited|NNP Inc.|NNP ,|, offering|NN of|IN up|IN to|TO $|$ 300|CD million|CD of|IN debt|NN securities|NNS and|CC warrants|NNS .|. But|CC Time|NNP ,|, as|IN part|NN of|IN the|DT more|RBR cost-conscious|JJ Time|NNP Warner|NNP ,|, wants|VBZ to|TO wean|VB itself|PRP away|RB from|IN expensive|JJ gimmicks|NNS .|. Besides|RB ,|, Time|NNP executives|NNS think|VBP selling|VBG a|DT news|NN magazine|NN with|IN a|DT clock|NN radio|NN is|VBZ tacky|JJ .|. Giveaways|NNS just|RB give|VBP people|NNS the|DT wrong|JJ image|NN ,|, said|VBD Mr.|NNP Heinemann|NNP .|. Still|RB ,|, Time|NNP 's|POS move|NN is|VBZ being|VBG received|VBN well|RB ,|, once|RB again|RB .|. When|WRB the|DT news|NN broke|VBD of|IN an|DT attempted|JJ coup|NN in|IN Panama|NNP two|CD weeks|NNS ago|RB ,|, Sen.|NNP Christopher|NNP Dodd|NNP called|VBD the|DT State|NNP Department|NNP for|IN a|DT briefing|NN .|. Although|IN viewership|NN soars|VBZ when|WRB big|JJ news|NN breaks|VBZ ,|, it|PRP ebbs|VBZ during|IN periods|NNS of|IN calm|NN .|. You|PRP ca|MD n't|RB live|VB on|IN that|DT .|. But|CC that|DT wo|MD n't|RB be|VB easy|JJ .|. The|DT brief|JJ attention|NN viewers|NNS give|VBP CNN|NNP could|MD put|VB it|PRP at|IN a|DT disadvantage|NN as|IN ratings|NNS data|NNS ,|, and|CC advertising|NN ,|, become|VBD more|RBR important|JJ to|TO cable-TV|NN channels|NNS .|. It|PRP filled|VBD its|PRP$ daily|JJ schedule|NN with|IN newscasts|NNS called|VBN Daybreak|NNP ,|, Daywatch|NNP ,|, Newsday|NNP ,|, and|CC Newsnight|NNP ,|, but|CC the|DT shows|NNS varied|VBD little|NN in|IN content|NN ,|, personality|NN or|CC look|NN .|. Our|PRP$ goal|NN is|VBZ to|TO create|VB more|JJR programs|NNS with|IN an|DT individual|JJ identity|NN ,|, says|VBZ Paul|NNP Amos|NNP ,|, CNN|NNP executive|JJ vice|NN president|NN for|IN programming|NN .|. Some|DT in|IN the|DT industry|NN are|VBP skeptical|JJ .|. They|PRP market|VBP cable-TV|NN on|IN the|DT very|JJ grazing|NN opportunities|NNS CNN|NNP seeks|VBZ to|TO discourage|VB .|. But|CC the|DT outcome|NN of|IN a|DT legal|JJ dispute|NN almost|RB always|RB turns|VBZ on|IN the|DT facts|NNS .|. And|CC the|DT facts|NNS ,|, as|IN found|VBN by|IN the|DT various|JJ courts|NNS in|IN these|DT two|CD lawsuits|NNS ,|, were|VBD different|JJ .|. The|DT transaction|NN ,|, announced|VBN in|IN August|NNP ,|, included|VBD about|RB $|$ 146|CD million|CD in|IN deposits|NNS at|IN the|DT five|CD outlets|NNS in|IN California|NNP 's|POS San|NNP Joaquin|NNP Valley|NNP .|. In|IN the|DT first|JJ six|CD months|NNS of|IN the|DT year|NN it|PRP posted|VBD a|DT net|JJ loss|NN of|IN $|$ 33.1|CD million|CD .|. Though|IN the|DT argument|NN may|MD have|VB a|DT common-sense|NN ring|NN to|TO it|PRP ,|, even|RB the|DT S&L|NN lawyers|NNS concede|VB there|EX 's|VBZ little|RB precedent|NN to|TO back|VB their|PRP$ position|NN .|. We|PRP 'd|MD take|VB the|DT Valley|NNP Ranch|NNP free|JJ and|CC clear|JJ as|IN a|DT booby|JJ prize|NN .|. He|PRP reiterated|VBD his|PRP$ opposition|NN to|TO such|JJ funding|NN ,|, but|CC expressed|VBD hope|NN of|IN a|DT compromise|NN .|. Ten|CD of|IN the|DT nation|NN 's|POS governors|NNS ,|, meanwhile|RB ,|, called|VBD on|IN the|DT justices|NNS to|TO reject|VB efforts|NNS to|TO limit|VB abortions|NNS .|. The|DT Justice|NNP Department|NNP announced|VBD that|IN the|DT FBI|NNP has|VBZ been|VBN given|VBN the|DT authority|NN to|TO seize|VB U.S.|NNP fugitives|NNS overseas|RB without|IN the|DT permission|NN of|IN foreign|JJ governments|NNS .|. The|DT device|NN was|VBD replaced|VBN .|. Details|NNS of|IN the|DT talks|NNS ,|, described|VBN by|IN a|DT Zairean|JJ official|NN as|IN very|RB delicate|JJ ,|, were|VBD n't|RB disclosed|VBN .|. Thousands|NNS of|IN residents|NNS of|IN low-lying|JJ areas|NNS were|VBD ordered|VBN to|TO evacuate|VB as|IN the|DT storm|NN headed|VBD north|RB in|IN the|DT Gulf|NNP of|IN Mexico|NNP with|IN 80|CD mph|JJ winds|NNS .|. We|PRP support|VBP all|DT efforts|NNS to|TO remove|VB Victor|NNP Posner|NNP from|IN control|NN of|IN Arby|NNP 's|POS Inc.|NNP and|CC the|DT Arby|NNP 's|POS system|NN .|. The|DT group|NN said|VBD it|PRP would|MD consider|VB ,|, among|IN other|JJ things|NNS ,|, withholding|VBG royalty|NN payments|NNS and|CC initiating|VBG a|DT class-action|JJ lawsuit|NN seeking|VBG court|NN approval|NN for|IN the|DT withholdings|NNS .|. I|PRP would|MD say|VB this|DT is|VBZ not|RB bad|JJ news|NN ;|; this|DT is|VBZ a|DT blip|NN ,|, he|PRP said|VBD .|. Energy|NN prices|NNS then|RB plummeted|VBD through|IN the|DT summer|NN ,|, causing|VBG the|DT index|NN to|TO decline|VB for|IN three|CD consecutive|JJ months|NNS .|. Overall|RB ,|, the|DT index|NN has|VBZ climbed|VBN at|IN a|DT 5.1|CD %|NN compound|JJ annual|JJ rate|NN since|IN the|DT start|NN of|IN the|DT year|NN ,|, the|DT Labor|NNP Department|NNP said|VBD .|. Prices|NNS for|IN capital|NN equipment|NN rose|VBD a|DT hefty|JJ 1.1|CD %|NN in|IN September|NNP ,|, while|IN prices|NNS for|IN home|NN electronic|JJ equipment|NN fell|VBD 1.1|CD %|NN .|. Food|NN prices|NNS declined|VBD 0.6|CD %|NN ,|, after|IN climbing|VBG 0.3|CD %|NN in|IN August|NNP .|. CityFed|NNP 's|POS president|NN and|CC chief|JJ executive|JJ officer|NN ,|, John|NNP Atherton|NNP ,|, said|VBD the|DT loss|NN stems|VBZ from|IN several|JJ factors|NNS .|. All|PDT these|DT actions|NNS ,|, Mr.|NNP Atherton|NNP said|VBD ,|, will|MD result|VB in|IN a|DT loss|NN of|IN $|$ 125|CD million|CD to|CC $|$ 150|CD million|CD for|IN the|DT third|JJ quarter|NN .|. Regulators|NNS also|RB ordered|VBD CenTrust|NNP to|TO stop|VB buying|VBG back|RP the|DT preferred|JJ stock|NN .|. He|PRP said|VBD the|DT thrift|NN will|MD try|VB to|TO get|VB regulators|NNS to|TO reverse|VB the|DT decision|NN .|. In|IN the|DT same|JJ month|NN ,|, the|DT Office|NNP of|IN Thrift|NNP Supervision|NNP ordered|VBD the|DT institution|NN to|TO stop|VB paying|VBG common|JJ stock|NN dividends|NNS until|IN its|PRP$ operations|NNS were|VBD on|IN track|NN .|. CenTrust|NNP ,|, which|WDT is|VBZ Florida|NNP 's|POS largest|JJS thrift|NN ,|, holds|VBZ one|CD of|IN the|DT largest|JJS junk-bond|NN portfolios|NNS of|IN any|DT thrift|NN in|IN the|DT nation|NN .|. Managed|VBN properly|RB ,|, and|CC with|IN a|DT long-term|JJ outlook|NN ,|, these|DT can|MD become|VB investment-grade|JJ quality|NN properties|NNS .|. The|DT legislation|NN requires|VBZ thrifts|NNS to|TO divest|VB themselves|PRP of|IN junk|NN bonds|NNS in|IN the|DT new|JJ ,|, somber|JJ regulatory|JJ climate|NN .|. Most|JJS analysts|NNS and|CC thrift|NN executives|NNS had|VBD expected|VBN a|DT decision|NN on|IN the|DT proposed|JJ transaction|NN ,|, which|WDT was|VBD announced|VBN in|IN July|NNP ,|, long|RB before|IN now|RB .|. CenTrust|NNP said|VBD the|DT branch|NN sale|NN would|MD also|RB reduce|VB the|DT company|NN 's|POS large|JJ amount|NN of|IN good|JJ will|NN by|IN about|RB $|$ 180|CD million|CD .|. A|DT Flemish|JJ game|NN show|NN has|VBZ as|RB its|PRP$ host|NN a|DT Belgian|NNP pretending|VBG to|TO be|VB Italian|JJ .|. European|JJ programs|NNS usually|RB target|VBP only|RB their|PRP$ own|JJ local|JJ audience|NN ,|, and|CC often|RB only|RB a|DT small|JJ portion|NN of|IN that|DT .|. For|IN the|DT most|JJS part|NN ,|, what|WP 's|VBZ made|VBN here|RB stays|VBZ here|RB ,|, and|CC for|IN good|JJ reason|NN .|. There|EX is|VBZ ,|, for|IN instance|NN ,|, One|CD Man|NN and|CC His|PRP$ Dog|NNP ,|, a|DT herding|NN contest|NN among|IN sheep|NN dogs|NNS .|. It|PRP was|VBD front-page|JJ news|NN in|IN Italy|NNP earlier|RBR this|DT year|NN when|WRB the|DT fictional|JJ inspector|NN was|VBD gunned|VBN down|RP in|IN the|DT series|NN .|. Since|IN production|NN costs|NNS were|VBD guaranteed|VBN ,|, it|PRP did|VBD n't|RB matter|VB that|IN a|DT program|NN could|MD n't|RB be|VB sold|VBN abroad|RB or|CC put|VB into|IN syndication|NN ,|, as|IN most|JJS American|JJ programs|NNS are|VBP .|. When|WRB the|DT dollar|NN is|VBZ in|IN a|DT free-fall|NN ,|, even|RB central|JJ banks|NNS ca|MD n't|RB stop|VB it|PRP .|. But|CC not|RB much|JJ money|NN was|VBD spent|VBN on|IN the|DT shows|NNS ,|, either|RB ,|, a|DT situation|NN that|WDT encouraged|VBD cheap-to-make|JJ talk|NN and|CC game|NN shows|NNS ,|, while|IN discouraging|VBG expensive-to-produce|JJ dramas|NN .|. Now|RB ,|, however|RB ,|, commercial|JJ channels|NNS are|VBP coming|VBG to|TO most|JJS European|JJ countries|NNS ,|, and|CC at|IN the|DT same|JJ time|NN ,|, satellite|NN and|CC cable|NN technology|NN is|VBZ spreading|VBG rapidly|RB .|. Bids|NNS must|MD be|VB received|VBN by|IN 1|CD p.m.|RB EDT|NNP Thursday|NNP at|IN the|DT Treasury|NNP or|CC at|IN Federal|NNP Reserve|NNP banks|NNS or|CC branches|NNS .|. Most|RBS threatened|VBN by|IN closer|JJR British|NNP Aerospace-Thomson|NNP ties|NNS would|MD be|VB their|PRP$ respective|JJ national|JJ rivals|NNS ,|, including|VBG Matra|NNP S.A.|NNP in|IN France|NNP and|CC Britain|NNP 's|POS General|NNP Electric|NNP Co.|NNP PLC|NNP .|. Thomson|NNP feels|VBZ the|DT future|NN of|IN its|PRP$ defense|NN business|NN depends|VBZ on|IN building|VBG cooperation|NN with|IN other|JJ Europeans|NNPS .|. Mr.|NNP Watkins|NNP said|VBD the|DT main|JJ reason|NN for|IN the|DT production|NN decline|NN is|VBZ shrinking|VBG output|NN of|IN light|JJ crude|NN from|IN mature|JJ ,|, conventional|JJ fields|NNS in|IN western|JJ Canada|NNP .|. That|DT ranks|VBZ Canada|NNP as|IN the|DT fourth-largest|JJ source|NN of|IN imported|JJ crude|NN ,|, behind|IN Saudi|NNP Arabia|NNP ,|, Nigeria|NNP and|CC Mexico|NNP .|. The|DT system|NN currently|RB has|VBZ a|DT capacity|NN of|IN 1.55|CD million|CD barrels|NNS a|DT day|NN .|. The|DT Boston|NNP firm|NN said|VBD stock-fund|NN redemptions|NNS were|VBD running|VBG at|IN less|JJR than|IN one-third|NN the|DT level|NN two|CD years|NNS ago|RB .|. Predicting|VBG the|DT financial|JJ results|NNS of|IN computer|NN firms|NNS has|VBZ been|VBN a|DT tough|JJ job|NN lately|RB .|. Take|VB Microsoft|NNP Corp.|NNP ,|, the|DT largest|JJS maker|NN of|IN personal|JJ computer|NN software|NN and|CC generally|RB considered|VBD an|DT industry|NN bellwether|NN .|. This|DT month|NN ,|, however|RB ,|, Businessland|NNP warned|VBD investors|NNS that|IN results|NNS for|IN its|PRP$ first|JJ quarter|NN ended|VBD Sept.|NNP 30|CD had|VBD n't|RB met|VBN expectations|NNS .|. While|IN the|DT earnings|NNS picture|NN confuses|VBZ ,|, observers|NNS say|VBP the|DT major|JJ forces|NNS expected|VBD to|TO shape|VB the|DT industry|NN in|IN the|DT coming|JJ year|NN are|VBP clearer|JJR .|. Meanwhile|RB ,|, competition|NN between|IN various|JJ operating|NN systems|NNS ,|, which|WDT control|VBP the|DT basic|JJ functions|NNS of|IN a|DT computer|NN ,|, spells|VBZ trouble|NN for|IN software|NN firms|NNS generally|RB .|. On|IN the|DT other|JJ hand|NN ,|, the|DT battle|NN of|IN the|DT bus|NN is|VBZ expected|VBN to|TO grow|VB increasingly|RB irrelevant|JJ .|. Users|NNS do|VBP n't|RB care|VB about|IN the|DT bus|NN ,|, said|VBD Daniel|NNP Benton|NNP ,|, an|DT analyst|NN at|IN Goldman|NNP ,|, Sachs|NNP &|CC Co.|NNP .|. He|PRP said|VBD Apple|NNP 's|POS family|NN of|IN Macintosh|NNP computers|NNS ,|, for|IN instance|NN ,|, uses|VBZ four|CD different|JJ buses|NNS and|CC no|DT one|NN seems|VBZ to|TO mind|VB .|. The|DT gap|NN between|IN winners|NNS and|CC laggards|NNS will|MD grow|VB .|. Personal-computer|NN makers|NNS will|MD continue|VB to|TO eat|VB away|RP at|IN the|DT business|NN of|IN more|RBR traditional|JJ computer|NN firms|NNS .|. But|CC they|PRP will|MD have|VB to|TO act|VB quickly|RB .|. Population|NN Drain|NN Ends|VBZ For|IN Midwestern|JJ States|NNS .|. So|RB are|VBP Indiana|NNP ,|, Ohio|NNP and|CC Michigan|NNP .|. The|DT gains|NNS ,|, to|TO be|VB sure|JJ ,|, are|VBP rather|RB small|JJ .|. THANKS|NNS TO|TO modern|JJ medicine|NN ,|, more|JJR couples|NNS are|VBP growing|VBG old|JJ together|RB .|. That|DT share|NN has|VBZ remained|VBN at|IN about|RB 24|CD %|NN since|IN 1970|CD .|. What|WP has|VBZ changed|VBN is|VBZ that|IN more|JJR of|IN the|DT young|JJ elderly|NN are|VBP living|VBG with|IN spouses|NNS rather|RB than|IN with|IN other|JJ relatives|NNS ,|, such|JJ as|IN children|NNS .|. The|DT likelihood|NN of|IN living|VBG alone|RB beyond|IN the|DT age|NN of|IN 75|CD has|VBZ increased|VBN to|TO 40|CD %|NN from|IN 32|CD %|NN .|. Across|IN the|DT board|NN ,|, these|DT consumers|NNS value|VBP quality|NN ,|, buy|VBP what|WP they|PRP like|VBP rather|RB than|IN just|RB what|WP they|PRP need|VBP ,|, and|CC appreciate|VBP products|NNS that|WDT are|VBP distinctive|JJ .|. Thirty-five|CD percent|NN attend|VBP religious|JJ services|NNS regularly|RB ;|; at|IN the|DT same|JJ time|NN ,|, 60|CD %|NN feel|VBP that|IN in|IN life|NN one|PRP sometimes|RB has|VBZ to|TO compromise|VB one|PRP 's|POS principles|NNS .|. The|DT American|NNP Bankers|NNP Association|NNP says|VBZ that|IN women|NNS make|VBP up|RP 47|CD %|NN of|IN officials|NNS and|CC managers|NNS in|IN the|DT top|JJ 50|CD banks|NNS ,|, up|RB from|IN 33|CD %|NN in|IN 1978|CD .|. The|DT share|NN of|IN minorities|NNS in|IN those|DT positions|NNS has|VBZ risen|VBN to|TO 16|CD %|NN from|IN 12|CD %|NN ...|: .|. There|EX are|VBP 13.1|CD million|CD students|NNS in|IN college|NN this|DT fall|NN ,|, up|RB 2|CD %|NN from|IN 1988|CD ,|, the|DT National|NNP Center|NNP for|IN Education|NNP Statistics|NNP estimates|VBZ .|. This|DT small|JJ Dallas|NNP suburb|NN 's|VBZ got|VBN trouble|NN .|. Trouble|NN with|IN a|DT capital|JJ T|NN and|CC that|DT rhymes|VBZ with|IN P|NN and|CC that|DT stands|VBZ for|IN pool|NN .|. And|CC the|DT mayor|NN ,|, in|IN an|DT admonition|NN that|WDT bears|VBZ a|DT rhythmic|JJ resemblance|NN to|TO Prof.|NNP Hill|NNP 's|POS ,|, warned|VBD that|IN alcohol|NN leads|VBZ to|TO betting|NN ,|, which|WDT leads|VBZ to|TO fights|NNS .|. At|IN the|DT lounge|NN ,|, manager|NN Elizabeth|NNP Dyer|NNP wo|MD n't|RB admit|VB patrons|NNS in|IN jeans|NNS ,|, T-shirts|NNS or|CC tennis|NN shoes|NNS .|. I|PRP thought|VBD this|DT was|VBD all|DT taken|VBN care|NN of|IN in|IN The|DT Music|NN Man|NN .|. For|IN instance|NN :|IN Haole|FW (|LRB white|NN )|RRB is|VBZ not|RB the|DT ultimate|JJ insult|NN ;|; Mainland|JJ haole|FW is|VBZ .|. And|CC the|DT local|JJ expression|NN for|IN brother|NN is|VBZ brah|FW ,|, not|RB bruddah|FW .|. In|IN addition|NN ,|, some|DT of|IN Mr.|NNP Mason|NNP 's|POS critics|NNS have|VBP implied|VBN that|IN his|PRP$ type|NN of|IN ethnic|JJ humor|NN is|VBZ itself|PRP a|DT form|NN of|IN racism|NN .|. For|IN example|NN ,|, the|DT New|NNP York|NNP state|NN counsel|NN for|IN the|DT NAACP|NNP said|VBD that|IN Mr.|NNP Mason|NNP is|VBZ like|IN a|DT dinosaur|NN .|. People|NNS are|VBP fast|RB leaving|VBG the|DT place|NN where|WRB he|PRP is|VBZ stuck|VBN .|. But|CC wielded|VBN by|IN a|DT pro|NN like|IN Jackie|NNP Mason|NNP ,|, it|PRP is|VBZ a|DT constructive|JJ form|NN of|IN mischief|NN .|. The|DT official|JJ White|NNP House|NNP reaction|NN to|TO a|DT plunge|NN in|IN stock|NN prices|NNS has|VBZ a|DT 60-year|JJ history|NN of|IN calm|NN ,|, right|RB up|IN through|IN Friday|NNP .|. The|DT economy|NN ,|, he|PRP added|VBD ,|, remains|VBZ well-balanced|JJ and|CC the|DT outlook|NN is|VBZ for|IN continued|JJ moderate|JJ growth|NN .|. After|IN the|DT 1929|CD crash|NN ,|, Herbert|NNP Hoover|NNP said|VBD :|: The|DT fundamental|JJ business|NN of|IN the|DT country|NN ...|: is|VBZ on|IN a|DT sound|JJ and|CC prosperous|JJ basis|NN .|. Charles|NNP J.|NNP Lawson|NNP Jr.|NNP ,|, 68|CD ,|, who|WP had|VBD been|VBN acting|JJ chief|JJ executive|NN since|IN June|NNP 14|CD ,|, will|MD continue|VB as|IN chairman|NN .|. In|IN addition|NN ,|, the|DT companion|JJ deficit-reduction|NN bill|NN already|RB passed|VBN by|IN the|DT House|NNP includes|VBZ a|DT capital-gains|NNS provision|NN .|. The|DT Senate|NNP bill|NN was|VBD pared|VBN back|RB in|IN an|DT attempt|NN to|TO speed|VB deficit-reduction|NN through|IN Congress|NNP .|. A|DT key|NN is|VBZ whether|IN House|NNP Republicans|NNPS are|VBP willing|JJ to|TO acquiesce|VB to|TO their|PRP$ Senate|NNP colleagues|NNS '|POS decision|NN to|TO drop|VB many|JJ pet|JJ provisions|NNS .|. These|DT include|VBP a|DT child-care|NN initiative|NN and|CC extensions|NNS of|IN soon-to-expire|JJ tax|NN breaks|NNS for|IN low-income|JJ housing|NN and|CC research-and-development|NN expenditures|NNS .|. It|PRP worked|VBD ,|, others|NNS said|VBD ,|, because|IN there|EX were|VBD no|DT exceptions|NNS :|IN all|DT revenue-losing|JJ provisions|NNS were|VBD stricken|VBN .|. Many|JJ fund|NN managers|NNS argue|VBP that|IN now|RB 's|VBZ the|DT time|NN to|TO buy|VB .|. It|PRP also|RB drops|VBZ a|DT provision|NN that|WDT would|MD have|VB permitted|VBN corporations|NNS to|TO use|VB excess|JJ pension|NN funds|NNS to|TO pay|VB health|NN benefits|NNS for|IN current|JJ retirees|NNS .|. The|DT approval|NN of|IN the|DT Senate|NNP bill|NN was|VBD especially|RB sweet|JJ for|IN Sen.|NNP Mitchell|NNP ,|, who|WP had|VBD proposed|VBN the|DT streamlining|NN .|. Vincent|NNP Bajakian|NNP ,|, manager|NN of|IN the|DT $|$ 1.8|CD billion|CD Wellington|NNP Fund|NNP ,|, added|VBD to|TO his|PRP$ positions|NNS in|IN Bristol-Myers|NNP Squibb|NNP ,|, Woolworth|NNP and|CC Dun|NNP &|CC Bradstreet|NNP Friday|NNP .|. Curb|VB junk|NN bonds|NNS by|IN ending|VBG tax|NN benefits|NNS for|IN certain|JJ securities|NNS ,|, such|JJ as|IN zero-coupon|JJ bonds|NNS ,|, that|WDT postpone|VBP cash|NN interest|NN payments|NNS .|. Speed|VB up|RP the|DT collection|NN of|IN the|DT payroll|NN tax|NN from|IN large|JJ companies|NNS ,|, effective|JJ August|NNP 1990|CD .|. Withhold|VB income|NN taxes|NNS from|IN the|DT paychecks|NNS of|IN certain|JJ farm|NN workers|NNS currently|RB exempt|JJ from|IN withholding|NN .|. Reduction|NNP of|IN Medicare|NNP spending|NN in|IN fiscal|JJ 1990|CD by|IN some|DT $|$ 2.8|CD billion|CD ,|, in|IN part|NN by|IN curbing|VBG increases|NNS in|IN reimbursements|NNS to|TO physicians|NNS .|. Fidelity|NNP 's|POS Mr.|NNP Lynch|NNP ,|, for|IN his|PRP$ part|NN ,|, snapped|VBD up|RP Southern|NNP Co.|NNP shares|NNS Friday|NNP after|IN the|DT stock|NN got|VBD hammered|VBN .|. I|PRP was|VBD laid|VBN off|RP in|IN August|NNP 1988|CD ,|, and|CC after|IN a|DT thorough|JJ and|CC exhausting|JJ job|NN search|NN ,|, was|VBD hired|VBN in|IN August|NNP 1989|CD .|. Are|VBP you|PRP kidding|VBG !|. New|JJ federal|JJ legislation|NN requires|VBZ that|IN all|DT thrifts|NNS divest|VBP themselves|PRP of|IN such|JJ speculative|JJ securities|NNS over|IN a|DT period|NN of|IN years|NNS .|. If|IN they|PRP croak|VBP stocks|NNS like|IN that|DT ,|, he|PRP said|VBD ,|, it|PRP presents|VBZ an|DT opportunity|NN that|WDT is|VBZ the|DT kind|NN of|IN thing|NN you|PRP dream|VBP about|IN .|. They|PRP perhaps|RB had|VBD concern|NN that|IN we|PRP were|VBD getting|VBG out|IN of|IN all|PDT these|DT ,|, said|VBD Franklin|NNP President|NNP Duane|NNP H.|NNP Hall|NNP .|. I|PRP think|VBP it|PRP was|VBD a|DT little|NN premature|JJ on|IN their|PRP$ part|NN .|. Well|RB ,|, in|IN some|DT ways|NNS it|PRP is|VBZ different|JJ ,|, but|CC technically|RB it|PRP is|VBZ just|RB the|DT same|NN .|. If|IN you|PRP 're|VBP a|DT technician|NN ,|, you|PRP obey|VBP the|DT signals|NNS .|. I|PRP see|VBP a|DT possibility|NN of|IN going|VBG to|TO 2200|CD this|DT month|NN .|. Most|JJS people|NNS ,|, he|PRP says|VBZ ,|, have|VBP no|DT idea|NN what|WP a|DT massacre|NN pattern|NN looks|VBZ like|IN .|. Now|RB ,|, as|IN in|IN those|DT two|CD years|NNS ,|, her|PRP$ stock|NN market|NN indicators|NNS are|VBP positive|JJ .|. She|PRP says|VBZ that|DT ratio|NN could|MD climb|VB to|TO 14.5|CD ,|, given|VBN current|JJ interest|NN rates|NNS ,|, and|CC still|RB be|VB within|IN the|DT range|NN of|IN fair|JJ value|NN .|. Trading|NN volume|NN was|VBD only|RB modestly|RB higher|JJR than|IN normal|NN .|. But|CC Mr.|NNP Davis|NNP ,|, whose|WP$ views|NNS are|VBP widely|RB respected|VBN by|IN money|NN managers|NNS ,|, says|VBZ he|PRP expects|VBZ no|DT 1987-style|JJ crash|NN .|. I|PRP think|VBP the|DT market|NN will|MD be|VB heading|VBG down|RB into|IN November|NNP ,|, he|PRP says|VBZ .|. Mr.|NNP Cooperman|NNP sees|VBZ this|DT as|IN a|DT good|JJ time|NN to|TO pick|VB up|RP bargains|NNS ,|, but|CC he|PRP does|VBZ n't|RB think|VB there|EX 's|VBZ any|DT need|NN to|TO rush|VB .|. Unlike|IN 1987|CD ,|, interest|NN rates|NNS have|VBP been|VBN falling|VBG this|DT year|NN .|. So|IN it|PRP 's|VBZ a|DT very|RB mixed|JJ bag|NN .|. I|PRP see|VBP this|DT as|IN a|DT reaction|NN to|TO the|DT whole|JJ junk|NN bond|NN explosion|NN ,|, he|PRP says|VBZ .|. This|DT has|VBZ both|CC made|VBN investors|NNS uneasy|JJ and|CC the|DT corporations|NNS more|RBR vulnerable|JJ .|. There|EX is|VBZ more|JJR resiliency|NN in|IN the|DT economy|NN at|IN large|NN than|IN we|PRP commonly|RB suppose|VBP ,|, he|PRP says|VBZ .|. Mario|NNP Gabelli|NNP .|. He|PRP sees|VBZ economic|JJ problems|NNS ,|, financial|JJ problems|NNS ahead|RB for|IN the|DT U.S.|NNP ,|, with|IN a|DT fairly|RB strong|JJ possibility|NN of|IN a|DT recession|NN .|. Mr.|NNP Rogers|NNP wo|MD n't|RB decide|VB what|WP to|TO do|VB today|NN until|IN he|PRP sees|VBZ how|WRB the|DT London|NNP and|CC Tokyo|NNP markets|NNS go|VBP .|. T-bills|NNS probably|RB are|VBP the|DT right|JJ place|NN to|TO be|VB ,|, he|PRP says|VBZ .|. I|PRP thought|VBD your|PRP$ editorial|NN was|VBD factually|RB accurate|JJ and|CC deliberately|RB elucidative|JJ .|. He|PRP used|VBD about|RB 56|CD words|NNS defending|VBG the|DT witnesses|NNS '|POS constitutional|JJ rights|NNS .|. Unfortunately|RB ,|, by|IN my|PRP$ rough|JJ guess|NN ,|, he|PRP used|VBD better|JJR than|IN 5,000|CD words|NNS heaping|VBG scorn|NN on|IN the|DT witnesses|NNS for|IN exercising|VBG the|DT Fifth|NNP .|. He|PRP sandwiched|VBD his|PRP$ praise|NN of|IN constitutional|JJ meat|NN between|IN large|JJ loaves|NNS of|IN bilious|JJ commentary|NN .|. That|DT certainly|RB is|VBZ not|RB the|DT supposed|JJ distorted|JJ reading|NN indicated|VBN by|IN Mr.|NNP Lantos|NNP .|. By|IN any|DT reasonable|JJ man|NN criterion|NN ,|, Mr.|NNP Lantos|NNP and|CC his|PRP$ colleagues|NNS have|VBP a|DT whole|JJ bunch|NN of|IN people|NNS tried|VBN and|CC convicted|VBN .|. Right|RB now|RB they|PRP 're|VBP pursuing|VBG evidence|NN .|. That|DT 's|VBZ not|RB a|DT bad|JJ way|NN to|TO proceed|VB ,|, just|RB somewhat|RB different|JJ from|IN standard|JJ American|JJ practice|NN .|. He|PRP 's|VBZ right|JJ about|IN his|PRP$ subcommittee|NN 's|POS responsibilities|NNS when|WRB it|PRP comes|VBZ to|TO obtaining|VBG information|NN from|IN prior|JJ HUD|NNP officials|NNS .|. it|PRP defended|VBD appropriate|JJ constitutional|JJ safeguards|NNS and|CC practical|JJ common|JJ sense|NN .|. In|IN an|DT unusual|JJ move|NN ,|, several|JJ funds|NNS moved|VBD to|TO calm|VB investors|NNS with|IN recordings|NNS on|IN their|PRP$ toll-free|JJ phone|NN lines|NNS .|. I|PRP do|VBP not|RB by|IN any|DT means|NNS defend|VB HUD|NNP management|NN .|. Raymond|NNP Weber|NNP .|. Absent|JJ the|DT risk|NN of|IN such|JJ prosecution|NN ,|, a|DT court|NN may|MD order|VB the|DT defendant|NN to|TO testify|VB .|. At|IN the|DT end|NN of|IN the|DT day|NN ,|, 251.2|CD million|CD shares|NNS were|VBD traded|VBN .|. Estes|NNP Park|NNP ,|, Colo|NNP .|. In|IN academia|NN ,|, a|DT so-called|JJ Friday|NNP the|DT 13th|NNP effect|NN has|VBZ been|VBN set|VBN up|RP and|CC shot|VBD down|RP by|IN different|JJ professors|NNS .|. In|IN the|DT '70s|NNS ,|, the|DT market|NN took|VBD falls|NNS nine|CD times|NNS in|IN a|DT row|NN on|IN Friday|NNP the|DT you-know-what|NN .|. It|PRP was|VBD like|IN the|DT Friday|NNP before|IN Black|NNP Monday|NNP two|CD years|NNS ago|RB .|. Some|DT early|JJ selling|NN is|VBZ likely|JJ to|TO stem|VB from|IN investors|NNS and|CC portfolio|NN managers|NNS who|WP want|VBP to|TO lock|VB in|RP this|DT year|NN 's|POS fat|JJ profits|NNS .|. Ten|CD points|NNS of|IN the|DT drop|NN occurred|VBD during|IN the|DT last|JJ 45|CD minutes|NNS of|IN trading|VBG .|. Most|JJS of|IN the|DT complaints|NNS about|IN unanswered|JJ phone|NN calls|NNS came|VBD from|IN regional|JJ brokers|NNS rather|RB than|IN individual|JJ investors|NNS .|. Stock|NN funds|NNS have|VBP averaged|VBN a|DT staggering|JJ gain|NN of|IN 25|CD %|NN through|IN September|NNP ,|, according|VBG to|TO Lipper|NNP Analytical|NNP Services|NNP Inc.|NNP .|. It|PRP was|VBD n't|RB intentional|JJ ,|, we|PRP were|VBD all|RB busy|JJ .|. On|IN days|NNS like|IN Friday|NNP ,|, that|WDT means|VBZ they|PRP must|MD buy|VB shares|NNS from|IN sellers|NNS when|WRB no|DT one|NN else|RB is|VBZ willing|JJ to|TO .|. Everyone|DT was|VBD hitting|VBG everyone|DT else|RB 's|POS bid|NN ,|, he|PRP said|VBD .|. I|PRP do|VBP n't|RB know|VB of|IN anyone|DT carrying|VBG big|JJ inventories|NNS now|RB ,|, said|VBD Mr.|NNP King|NNP of|IN Robinson-Humphrey|NNP .|. But|CC they|PRP are|VBP worried|JJ .|. This|DT is|VBZ not|RB a|DT major|JJ crash|NN ,|, she|PRP said|VBD .|. Institutional|JJ investors|NNS ,|, which|WDT had|VBD been|VBN selling|VBG stock|NN throughout|IN last|JJ week|NN to|TO lock|VB in|RP handsome|JJ gains|NNS made|VBN through|IN the|DT third|JJ quarter|NN ,|, were|VBD calmer|JJR .|. Nevertheless|RB ,|, Ms.|NNP Garzarelli|NNP said|VBD she|PRP was|VBD swamped|VBN with|IN phone|NN calls|NNS over|IN the|DT weekend|NN from|IN nervous|JJ shareholders|NNS .|. The|DT turnover|NN in|IN both|DT issues|NNS was|VBD roughly|RB normal|JJ .|. On|IN the|DT OTC|NNP market|NN ,|, First|NNP Executive|NNP ,|, a|DT big|JJ buyer|NN of|IN the|DT high-risk|JJ ,|, high-yield|JJ issues|NNS ,|, slid|VBD 2|CD to|TO 12|CD 1/4|CD .|. 10|CD 1/2|CD %|NN .|. Source|NN :|IN Fulton|NNP Prebon|NNP (|LRB U.S.A.|NNP )|RRB Inc.|NNP .|. The|DT charge|NN on|IN loans|NNS to|TO brokers|NNS on|IN stock|NN exchange|NN collateral|NN .|. COMMERCIAL|JJ PAPER|NN placed|VBN directly|RB by|IN General|NNP Motors|NNP Acceptance|NNP Corp.|NNP :|: CERTIFICATES|NNS OF|IN DEPOSIT|NN :|: Typical|JJ rates|NNS in|IN the|DT secondary|JJ market|NN :|: FOREIGN|JJ PRIME|JJ RATES|NNS :|: Canada|NNP 13.5|CD %|NN ;|; Germany|NNP 8.5|CD %|NN ;|; Japan|NNP 4.875|CD %|NN ;|; Switzerland|NNP 8.5|CD %|NN ;|; Britain|NNP 15|CD %|NN .|. Posted|VBN yields|NNS on|IN 30-year|JJ mortgage|NN commitments|NNS for|IN delivery|NN within|IN 30|CD days|NNS .|. 8.33|CD %|NN .|. Annualized|JJ average|JJ rate|NN of|IN return|NN after|IN expenses|NNS for|IN the|DT past|JJ 30|CD days|NNS ;|; not|RB a|DT forecast|NN of|IN future|JJ returns|NNS .|. I|PRP waited|VBD to|TO make|VB sure|JJ all|PDT the|DT program|NN trades|NNS had|VBD kicked|VBN through|RP ,|, he|PRP said|VBD .|. It|PRP can|MD happen|VB before|IN you|PRP can|MD turn|VB around|RB .|. Even|RB without|IN portfolio|NN insurance|NN ,|, market|NN conditions|NNS were|VBD grim|JJ Friday|NNP ,|, money|NN managers|NNS said|VBD .|. Mr.|NNP Weisman|NNP predicts|VBZ stocks|NNS will|MD appear|VB to|TO stabilize|VB in|IN the|DT next|JJ few|JJ days|NNS before|IN declining|VBG again|RB ,|, trapping|VBG more|JJR investors|NNS .|. The|DT shorts|NNS sell|VBP borrowed|VBN shares|NNS ,|, hoping|VBG to|TO profit|VB by|IN replacing|VBG them|PRP later|RB at|IN a|DT lower|JJR price|NN .|. Neither|DT Vitarine|NNP nor|CC any|DT of|IN the|DT Springfield|NNP Gardens|NNP ,|, N.Y.|NNP ,|, company|NN 's|POS officials|NNS or|CC employees|NNS have|VBP been|VBN charged|VBN with|IN any|DT crimes|NNS .|. Mr.|NNP Nesbit|NNP also|RB said|VBD the|DT FDA|NNP has|VBZ asked|VBN Bolar|NNP Pharmaceutical|NNP Co.|NNP to|TO recall|VB at|IN the|DT retail|JJ level|NN its|PRP$ urinary|JJ tract|NN antibiotic|NN .|. But|CC so|RB far|RB the|DT company|NN has|VBZ n't|RB complied|VBN with|IN that|DT request|NN ,|, the|DT spokesman|NN said|VBD .|. The|DT West|JJ German|JJ retailer|NN ASKO|NNP Deutsche|NNP Kaufhaus|NNP AG|NNP plans|VBZ to|TO challenge|VB the|DT legality|NN of|IN a|DT widely|RB employed|VBN anti-takeover|JJ defense|NN of|IN companies|NNS in|IN the|DT Netherlands|NNPS .|. A|DT spokesman|NN for|IN Ahold|NNP said|VBD his|PRP$ company|NN is|VBZ confident|JJ of|IN its|PRP$ own|JJ position|NN and|CC the|DT propriety|NN of|IN the|DT preferred-share|NN issue|NN .|. He|PRP termed|VBD ASKO|NNP 's|POS legal|JJ actions|NNS as|IN unproductive|JJ to|TO international|JJ cooperation|NN among|IN European|JJ retailers|NNS .|. The|DT cuts|NNS are|VBP necessary|JJ because|IN Congress|NNP and|CC the|DT administration|NN have|VBP failed|VBN to|TO reach|VB agreement|NN on|IN a|DT deficit-cutting|JJ bill|NN .|. For|IN the|DT last|JJ two|CD weeks|NNS ,|, the|DT Bush|NNP administration|NN and|CC the|DT Federal|NNP Reserve|NNP have|VBP been|VBN engaged|VBN in|IN a|DT semi-public|JJ battle|NN over|IN international|JJ economic|JJ policy|NN .|. But|CC he|PRP has|VBZ since|RB run|VBN into|IN opposition|NN from|IN the|DT Treasury|NNP and|CC the|DT White|NNP House|NNP over|IN that|DT decision|NN .|. Then|RB ,|, as|IN now|RB ,|, the|DT budget|NN debate|NN was|VBD behind|IN schedule|NN and|CC automatic|JJ spending|JJ cuts|NNS were|VBD within|IN days|NNS of|IN taking|VBG hold|NN .|. Everybody|DT thought|VBD we|PRP were|VBD looking|VBG at|IN a|DT repetition|NN of|IN 1929|CD ,|, that|IN we|PRP were|VBD looking|VBG at|IN a|DT recession|NN ,|, Rep.|NNP Panetta|NNP said|VBD yesterday|NN in|IN an|DT interview|NN .|. Nevertheless|RB ,|, the|DT company|NN 's|POS reaction|NN underscores|VBZ the|DT domino|NN effect|NN that|IN a|DT huge|JJ manufacturer|NN such|JJ as|IN Boeing|NNP can|MD have|VB on|IN other|JJ parts|NNS of|IN the|DT economy|NN .|. Three|CD million|CD shares|NNS of|IN $|$ 25|CD preferred|NN ,|, via|IN competitive|JJ bidding|NN .|. Four|CD million|CD common|JJ shares|NNS ,|, via|IN Salomon|NNP Brothers|NNP Inc.|NNP .|. $|$ 250|CD million|CD (|LRB face|NN amount|NN )|RRB Liquid|NNP Yield|NNP Option|NNP Notes|NNP ,|, via|IN Merrill|NNP Lynch|NNP Capital|NNP Markets|NNP .|. 14|CD million|CD common|JJ shares|NNS ,|, via|IN Goldman|NNP ,|, Sachs|NNP &|CC Co.|NNP .|. Two|CD million|CD common|JJ shares|NNS ,|, via|IN Dean|NNP Witter|NNP Capital|NNP Markets|NNP .|. 2,850,000|CD common|JJ shares|NNS ,|, via|IN Goldman|NNP Sachs|NNP .|. I|PRP do|VBP n't|RB think|VB their|PRP$ customers|NNS would|MD like|VB it|PRP very|RB much|RB .|. 2.4|CD million|CD common|JJ shares|NNS ,|, via|IN Montgomery|NNP Securities|NNP .|. University|NNP of|IN Medicine|NNP And|CC Dentistry|NNP of|IN New|NNP Jersey|NNP .|. West|NNP Virginia|NNP Parkways|NNP ,|, Economic|NNP Development|NNP And|CC Tourism|NNP Authority|NNP .|. $|$ 640|CD million|CD of|IN gas|NN and|CC electric|JJ revenue|NN refunding|NN bonds|NNS ,|, via|IN a|DT First|NNP Boston|NNP group|NN .|. But|CC he|PRP 's|VBZ not|RB so|SO sure|JJ about|IN everyone|DT else|RB .|. We|PRP hope|VBP to|TO take|VB advantage|NN of|IN it|PRP ,|, said|VBD John|NNP Snyder|NNP ,|, a|DT member|NN of|IN a|DT Los|NNP Angeles|NNP investors|NNS '|POS club|NN .|. There|EX 's|VBZ no|DT question|NN that|IN there|EX 's|VBZ a|DT general|JJ distaste|NN for|IN leverage|NN among|IN lenders|NNS .|. Sara|NNP Albert|NNP ,|, a|DT 34-year-old|JJ Dallas|NNP law|NN student|NN ,|, says|VBZ she|PRP 's|VBZ generally|RB skittish|JJ about|IN the|DT stock|NN market|NN and|CC the|DT takeover|NN activity|NN that|WDT seems|VBZ to|TO fuel|VB it|PRP .|. I|PRP have|VBP this|DT feeling|NN that|IN it|PRP 's|VBZ built|VBN on|IN sand|NN ,|, she|PRP says|VBZ ,|, that|IN the|DT market|NN rises|VBZ but|CC there|EX 's|VBZ no|DT foundation|NN to|TO it|PRP .|. It|PRP 's|VBZ so|SO close|RB to|TO completion|NN ,|, Boeing|NNP 's|VBZ told|VBN us|PRP there|EX wo|MD n't|RB be|VB a|DT problem|NN ,|, said|VBD a|DT Southwest|NNP spokesman|NN .|. Others|NNS wonder|VBP how|WRB many|JJ more|JJR of|IN these|DT shocks|NNS the|DT small|JJ investor|NN can|MD stand|VB .|. We|PRP all|DT assumed|VBD October|NNP '87|CD was|VBD a|DT one-time|JJ shot|NN ,|, said|VBD San|NNP Francisco|NNP attorney|NN David|NNP Greenberg|NNP .|. Mr.|NNP Greenberg|NNP got|VBD out|RP just|RB before|IN the|DT 1987|CD crash|NN and|CC ,|, to|TO his|PRP$ regret|NN ,|, never|RB went|VBD back|RB even|RB as|IN the|DT market|NN soared|VBD .|. Merrill|NNP Lynch|NNP ca|MD n't|RB survive|VB without|IN the|DT little|JJ guy|NN .|. Small|JJ investors|NNS have|VBP tiptoed|VBN back|RB into|IN the|DT market|NN following|VBG Black|NNP Monday|NNP ,|, but|CC mostly|RB through|IN mutual|JJ funds|NNS .|. Individual|JJ investors|NNS are|VBP still|RB angry|JJ about|IN program|NN trading|NN ,|, Mr.|NNP Quackenbush|NNP says|VBZ .|. But|CC it|PRP 's|VBZ not|RB only|RB the|DT stock|NN market|NN that|WDT has|VBZ some|DT small|JJ investors|NNS worried|VBN .|. Would|MD Mr.|NNP Antori|NNP ever|RB get|VB back|RB in|RP ?|. When|WRB it|PRP comes|VBZ to|TO money|NN :|IN Once|RB bitten|VBN ,|, 2,000|CD times|NNS shy|JJ .|. The|DT crowded|JJ field|NN for|IN notebook-sized|JJ computers|NNS is|VBZ about|RB to|TO become|VB a|DT lot|NN more|RBR crowded|JJ .|. Compaq|NNP 's|POS series|NN of|IN notebooks|NNS extends|VBZ a|DT trend|NN toward|IN downsizing|NN in|IN the|DT personal|JJ computer|NN market|NN .|. One|CD analyst|NN ,|, noting|VBG that|IN most|JJS such|JJ machines|NNS are|VBP about|RB two|CD inches|NNS thick|JJ ,|, takes|VBZ exception|NN to|TO the|DT name|NN .|. At|IN 4|CD 1/2|CD pounds|NNS ,|, it|PRP may|MD be|VB too|RB ambitiously|RB named|VBN ,|, but|CC it|PRP nevertheless|RB opens|VBZ up|RP the|DT kind|NN of|IN marketing|NN possibilities|NNS that|WDT make|VBP analysts|NNS froth|VB .|. Laptops|NNS --|: generally|RB anything|DT under|IN 15|CD pounds|NNS --|: have|VBP become|VBN the|DT fastest-growing|JJ personal|JJ computer|NN segment|NN ,|, with|IN sales|NNS doubling|VBG this|DT year|NN .|. Responding|VBG to|TO that|DT demand|NN ,|, however|RB ,|, has|VBZ led|VBN to|TO a|DT variety|NN of|IN compromises|NNS .|. The|DT competitive|JJ sniping|NN can|MD get|VB pretty|RB petty|JJ at|IN times|NNS .|. Toward|IN that|DT end|NN ,|, experts|NNS say|VBP the|DT real|JJ battle|NN will|MD take|VB place|NN between|IN center-stage|JJ players|NNS like|IN Toshiba|NNP ,|, Zenith|NNP and|CC now|RB Compaq|NNP .|. No|DT date|NN has|VBZ yet|RB been|VBN set|VBN to|TO get|VB back|RB to|TO the|DT bargaining|NN table|NN .|. The|DT problem|NN Compaq|NNP is|VBZ going|VBG to|TO have|VB is|VBZ that|IN they|PRP wo|MD n't|RB be|VB able|JJ to|TO make|VB enough|NN of|IN them|PRP .|. Grumman|NNP Corp.|NNP received|VBD an|DT $|$ 18.1|CD million|CD Navy|NNP contract|NN to|TO upgrade|VB aircraft|NN electronics|NNS .|. Of|IN course|NN ,|, many|JJ more|JJR issues|NNS --|: 93|CD --|: hit|VBP new|JJ lows|NNS .|. Other|JJ new|JJ lows|NNS included|VBD Navistar|NNP International|NNP Corp.|NNP ,|, Union|NNP Carbide|NNP Corp.|NNP and|CC Bethlehem|NNP Steel|NNP Corp.|NNP ,|, all|DT of|IN which|WDT are|VBP included|VBN in|IN the|DT industrial|JJ average|NN .|. Investors|NNS who|WP bought|VBD stock|NN with|IN borrowed|JJ money|NN --|: that|DT is|VBZ ,|, on|IN margin|NN --|: may|MD be|VB more|RBR worried|JJ than|IN most|JJS following|VBG Friday|NNP 's|POS market|NN drop|NN .|. Margin|NN calls|NNS since|IN Friday|NNP have|VBP been|VBN higher|JJR than|IN usual|NN ,|, but|CC reasonable|JJ ,|, a|DT spokesman|NN for|IN Shearson|NNP Lehman|NNP Hutton|NNP Inc.|NNP said|VBD .|. He|PRP said|VBD Schwab|NNP had|VBD increased|VBN margin|NN requirements|NNS so|IN customers|NNS have|VBP more|JJR of|IN a|DT cushion|NN .|. Industry|NN estimates|NNS put|VBD Avis|NNP 's|POS annual|JJ cost|NN of|IN all|DT five|CD programs|NNS at|IN between|IN $|$ 8|CD million|CD and|CC $|$ 14|CD million|CD .|. Analysts|NNS and|CC competitors|NNS ,|, however|RB ,|, doubt|VBP the|DT numbers|NNS were|VBD that|RB high|JJ .|. CBS|NNP Inc.|NNP is|VBZ cutting|VBG The|NNP Pat|NNP Sajak|NNP Show|NNP down|RB to|TO one|CD hour|NN from|IN its|PRP$ current|JJ 90|CD minutes|NNS .|. I|PRP would|MD n't|RB expect|VB an|DT immediate|JJ resolution|NN to|TO anything|DT .|. Tandem|NNP said|VBD it|PRP expects|VBZ to|TO report|VB revenue|NN of|IN about|RB $|$ 450|CD million|CD and|CC earnings|NNS of|IN 35|CD cents|NNS to|CC 40|CD cents|NNS a|DT share|NN .|. Obviously|RB IBM|NNP can|MD give|VB bigger|JJR discounts|NNS to|TO users|NNS immediately|RB ,|, said|VBD Mr.|NNP Weiss|NNP .|. Even|RB Mr.|NNP Treybig|NNP is|VBZ reluctant|JJ to|TO abandon|VB this|DT notion|NN ,|, insisting|VBG that|IN Tandem|NNP 's|POS new|JJ machines|NNS are|VBP n't|RB replacements|NNS for|IN IBM|NNP 's|POS mainframes|NNS .|. Do|VB n't|RB jump|VB yet|RB .|. When|WRB it|PRP went|VBD down|RB ,|, by|IN all|DT tradition|NN ,|, the|DT economy|NN followed|VBD .|. Of|IN course|NN ,|, the|DT health|NN of|IN the|DT economy|NN will|MD be|VB threatened|VBN if|IN the|DT market|NN continues|VBZ to|TO dive|VB this|DT week|NN .|. Profits|NNS are|VBP softer|JJR .|. Debt|NN burdens|NNS are|VBP heavier|JJR .|. The|DT union|NN is|VBZ continuing|VBG to|TO work|VB through|IN its|PRP$ expired|JJ contract|NN ,|, however|RB .|. In|IN the|DT third|JJ quarter|NN of|IN 1987|CD ,|, the|DT economy|NN spurted|VBD at|IN an|DT inflation-adjusted|JJ annual|JJ rate|NN of|IN 5.3|CD %|NN .|. The|DT effects|NNS were|VBD much|RB less|RBR severe|JJ and|CC less|RBR prolonged|JJ than|IN some|DT had|VBD feared|VBN or|CC expected|VBN .|. The|DT biggest|JJS threat|NN on|IN the|DT economic|JJ horizon|NN right|RB now|RB is|VBZ n't|RB recession|NN ,|, he|PRP reasons|VBZ ;|; it|PRP 's|VBZ an|DT outbreak|NN of|IN uncontrolled|JJ inflation|NN .|. Surveys|NNS suggested|VBD that|IN consumer|NN confidence|NN was|VBD high|JJ before|IN Friday|NNP .|. A|DT Dow|NNP spokeswoman|NN declined|VBD to|TO comment|VB on|IN the|DT estimates|NNS .|. Du|NNP Pont|NNP Co.|NNP is|VBZ thought|VBN to|TO have|VB had|VBN steady|JJ profit|NN growth|NN in|IN white|JJ pigments|NNS ,|, fibers|NNS and|CC polymers|NNS .|. Most|JJS estimates|NNS for|IN Monsanto|NNP run|VBP between|IN $|$ 1.7|CD and|CC $|$ 2|CD a|DT share|NN .|. By|IN some|DT accounts|NNS on|IN Wall|NNP Street|NNP and|CC in|IN the|DT industry|NN ,|, the|DT inventory|NN reductions|NNS are|VBP near|IN an|DT end|NN ,|, which|WDT may|MD presage|VB firmer|JJR demand|NN .|. For|IN Himont|NNP Inc.|NNP ,|, how|WRB far|RB down|RB it|PRP is|VBZ ,|, we|PRP do|VBP n't|RB know|VB ,|, says|VBZ Leslie|NNP Ravitz|NNP at|IN Salomon|NNP Brothers|NNP .|. $|$ 150|CD million|CD of|IN 8.55|CD %|NN senior|JJ notes|NNS due|JJ Oct.|NNP 15|CD ,|, 2009|CD ,|, priced|VBN at|IN par|NN .|. Rated|VBN Baa-1|JJ by|IN Moody|NNP 's|POS and|CC triple-B-plus|JJ by|IN S&P|NNP ,|, the|DT issue|NN will|MD be|VB sold|VBN through|IN underwriters|NNS led|VBN by|IN Morgan|NNP Stanley|NNP &|CC Co.|NNP .|. Federal|NNP Home|NNP Loan|NNP Mortgage|NNP Corp.|NNP .|. Bridget|NNP O'Brian|NNP contributed|VBD to|TO this|DT article|NN .|. Federal|NNP Home|NNP Loan|NNP Mortgage|NNP Corp.|NNP .|. The|DT principal-only|JJ securities|NNS will|MD be|VB repackaged|VBN by|IN BT|NNP Securities|NNP into|IN a|DT Freddie|NNP Mac|NNP Remic|NNP ,|, Series|NNP 103|CD ,|, that|WDT will|MD have|VB six|CD classes|NNS .|. Our|PRP$ long|JJ suit|NN is|VBZ our|PRP$ proven|JJ ability|NN to|TO operate|VB power|NN plants|NNS ,|, he|PRP said|VBD .|. The|DT company|NN said|VBD the|DT improvement|NN is|VBZ related|VBN to|TO additional|JJ cogeneration|NN facilities|NNS that|WDT have|VBP been|VBN put|VBN into|IN operation|NN .|. When|WRB the|DT price|NN of|IN plastics|NNS took|VBD off|RP in|IN 1987|CD ,|, Quantum|NNP Chemical|NNP Corp.|NNP went|VBD along|RB for|IN the|DT ride|NN .|. For|IN weeks|NNS ,|, the|DT market|NN had|VBD been|VBN nervous|JJ about|IN takeovers|NNS ,|, after|IN Campeau|NNP Corp.|NNP 's|POS cash|NN crunch|NN spurred|VBD concern|NN about|IN the|DT prospects|NNS for|IN future|JJ highly|RB leveraged|JJ takeovers|NNS .|. And|CC the|DT financial|JJ decline|NN of|IN some|DT looks|VBZ steep|JJ only|RB in|IN comparison|NN with|IN the|DT heady|JJ period|NN that|WDT is|VBZ just|RB behind|IN them|PRP .|. We|PRP were|VBD all|DT wonderful|JJ heroes|NNS last|JJ year|NN ,|, says|VBZ an|DT executive|NN at|IN one|CD of|IN Quantum|NNP 's|POS competitors|NNS .|. At|IN Quantum|NNP ,|, which|WDT is|VBZ based|VBN in|IN New|NNP York|NNP ,|, the|DT trouble|NN is|VBZ magnified|VBN by|IN the|DT company|NN 's|POS heavy|JJ dependence|NN on|IN plastics|NNS .|. Quantum|NNP 's|POS lot|NN is|VBZ mostly|RB tied|VBN to|TO polyethylene|NN resin|NN ,|, used|VBN to|TO make|VB garbage|NN bags|NNS ,|, milk|NN jugs|NNS ,|, housewares|NNS ,|, toys|NNS and|CC meat|NN packaging|NN ,|, among|IN other|JJ items|NNS .|. Benchmark|JJ grades|NNS ,|, which|WDT still|RB sold|VBD for|IN as|AS much|JJ as|IN 50|CD cents|NNS a|DT pound|NN last|JJ spring|NN ,|, have|VBP skidded|VBN to|TO between|IN 35|CD cents|NNS and|CC 40|CD cents|NNS .|. Meanwhile|RB ,|, the|DT price|NN of|IN ethylene|NN ,|, the|DT chemical|JJ building|NN block|NN of|IN polyethylene|NN ,|, has|VBZ n't|RB dropped|VBN nearly|RB so|RB fast|RB .|. People|NNS were|VBD even|RB hoarding|VBG bags|NNS ,|, he|PRP says|VBZ .|. No|DT one|NN knows|VBZ ,|, however|RB ,|, whether|IN the|DT new|JJ posted|JJ prices|NNS will|MD stick|VB once|IN producers|NNS and|CC customers|NNS start|VBP to|TO haggle|VB .|. One|CD doubter|NN is|VBZ George|NNP Krug|NNP ,|, a|DT chemical-industry|NN analyst|NN at|IN Oppenheimer|NNP &|CC Co.|NNP and|CC a|DT bear|NN on|IN plastics|NNS stocks|NNS .|. Some|DT say|VBP November|NNP .|. Some|DT viewed|VBD his|PRP$ response|NN --|: that|IN company|NN directors|NNS review|VB the|DT dividend|NN regularly|RB --|: as|IN nothing|DT more|JJR than|IN the|DT standard|JJ line|NN from|IN executives|NNS .|. Until|IN this|DT year|NN ,|, the|DT company|NN had|VBD been|VBN steadily|RB lowering|VBG its|PRP$ accident|NN rate|NN and|CC picking|VBG up|RP trade-group|NN safety|NN awards|NNS .|. When|WRB a|DT plant|NN has|VBZ just|RB been|VBN running|VBG flat|RB out|RB to|TO meet|VB demand|NN ,|, calculating|VBG lost|JJ profit|NN and|CC thus|RB claims|NNS under|IN business-interruption|JJ insurance|NN is|VBZ straightforward|JJ .|. The|DT plant|NN usually|RB accounts|VBZ for|IN 20|CD %|NN to|CC 25|CD %|NN of|IN Quantum|NNP 's|POS polyethylene|NN production|NN and|CC 50|CD %|NN of|IN its|PRP$ ethylene|NN production|NN .|. These|DT stocks|NNS eventually|RB reopened|VBD .|. Petrolane|NNP is|VBZ the|DT second-largest|JJ propane|NN distributor|NN in|IN the|DT U.S.|NNP .|. The|DT spokesman|NN said|VBD the|DT broadcast|NN unit|NN will|MD be|VB disbanded|VBN Dec.|NNP 1|CD ,|, and|CC the|DT move|NN wo|MD n't|RB affect|VB RJR|NNP 's|POS print|NN ,|, radio|NN and|CC spot-television|JJ buying|NN practices|NNS .|. Other|JJ countries|NNS that|WDT do|VBP n't|RB have|VB formal|JJ steel|NN quotas|NNS with|IN the|DT U.S.|NNP ,|, such|JJ as|IN Taiwan|NNP ,|, Sweden|NNP and|CC Argentina|NNP ,|, also|RB have|VBP supplied|VBN steel|NN .|. Meanwhile|RB ,|, Brazil|NNP is|VBZ expected|VBN to|TO increase|VB its|PRP$ allowance|NN from|IN the|DT 1.43|CD %|NN share|NN it|PRP has|VBZ had|VBN in|IN recent|JJ years|NNS .|. Japan|NNP has|VBZ been|VBN shipping|VBG steel|NN to|TO total|VB about|RB 4.5|CD %|NN of|IN the|DT U.S.|NNP market|NN compared|VBN with|IN a|DT quota|NN of|IN 5.9|CD %|NN .|. Most|JJS of|IN the|DT stock|NN selling|NN pressure|NN came|VBD from|IN Wall|NNP Street|NNP professionals|NNS ,|, including|VBG computer-guided|JJ program|NN traders|NNS .|. The|DT balance|NN is|VBZ supplied|VBN by|IN a|DT host|NN of|IN smaller|JJR exporters|NNS ,|, such|JJ as|IN Australia|NNP and|CC Venezuela|NNP .|. Mr.|NNP Pierce|NNP said|VBD Elcotel|NNP should|MD realize|VB a|DT minimum|NN of|IN $|$ 10|CD of|IN recurring|VBG net|JJ earnings|NNS for|IN each|DT machine|NN each|DT month|NN .|. A|DT P&G|NNP spokeswoman|NN confirmed|VBD that|IN shipments|NNS to|TO Phoenix|NNP started|VBD late|RB last|JJ month|NN .|. She|PRP said|VBD the|DT company|NN will|MD study|VB results|NNS from|IN this|DT market|NN before|IN expanding|VBG to|TO others|NNS .|. With|IN the|DT help|NN of|IN Lemon|NNP Cheer|NNP ,|, P&G|NNP 's|POS share|NN is|VBZ now|RB estimated|VBN to|TO be|VB 12|CD %|NN .|. And|CC retailers|NNS are|VBP expected|VBN to|TO embrace|VB the|DT product|NN ,|, in|IN part|NN because|IN it|PRP will|MD take|VB up|RP less|JJR shelf|NN space|NN .|. If|IN the|DT new|JJ Cheer|NNP sells|VBZ well|RB ,|, the|DT trend|NN toward|IN smaller|JJR packaging|NN is|VBZ likely|JJ to|TO accelerate|VB as|IN competitors|NNS follow|VBP with|IN their|PRP$ own|JJ superconcentrates|NNS .|. Some|DT believe|VBP P&G|NNP 's|POS interest|NN in|IN a|DT superconcentrated|JJ detergent|NN goes|VBZ beyond|IN the|DT concern|NN for|IN the|DT Japanese|NNPS .|. This|DT is|VBZ something|DT P&G|NNP would|MD do|VB with|IN or|CC without|IN Kao|NNP ,|, says|VBZ Mr.|NNP Zurkuhlen|NNP .|. And|CC some|DT said|VBD it|PRP reflected|VBD the|DT growing|VBG debate|NN in|IN Washington|NNP over|IN pursuing|VBG free|JJ trade|NN with|IN Japan|NNP versus|IN some|DT kind|NN of|IN managed|JJ trade|NN .|. I|PRP am|VBP painted|VBN sometimes|RB as|IN ferocious|JJ ,|, perhaps|RB because|IN I|PRP have|VBP a|DT ferocious|JJ list|NN of|IN statutes|NNS to|TO implement|VB .|. I|PRP do|VBP n't|RB feel|VB either|CC hard|JJ or|CC soft|JJ .|. She|PRP said|VBD the|DT trade|NN imbalance|NN was|VBD mainly|RB due|JJ to|TO macroeconomic|JJ factors|NNS and|CC should|MD n't|RB be|VB tackled|VBN by|IN setting|VBG quantitative|JJ targets|NNS .|. My|PRP$ impression|NN was|VBD that|IN you|PRP would|MD be|VB a|DT scary|JJ old|JJ lady|NN ,|, he|PRP said|VBD ,|, drawing|VBG a|DT few|JJ nervous|JJ chuckles|NNS from|IN his|PRP$ colleagues|NNS .|. But|CC I|PRP am|VBP relieved|JJ to|TO see|VB that|IN you|PRP are|VBP beautiful|JJ and|CC gentle|JJ and|CC intelligent|JJ and|CC a|DT person|NN of|IN integrity|NN .|. But|CC she|PRP stressed|VBD ,|, I|PRP am|VBP against|IN managed|JJ trade|NN .|. The|DT seller|NN of|IN photographic|JJ products|NNS and|CC services|NNS said|VBD it|PRP is|VBZ considering|VBG a|DT number|NN of|IN financing|NN alternatives|NNS ,|, including|VBG seeking|VBG increases|NNS in|IN its|PRP$ credit|NN lines|NNS .|. In|IN the|DT latest|JJS nine|CD months|NNS net|JJ income|NN was|VBD $|$ 4.7|CD million|CD ,|, or|CC $|$ 1.31|CD a|DT share|NN ,|, on|IN revenue|NN of|IN $|$ 44.3|CD million|CD .|. Separately|RB ,|, the|DT company|NN said|VBD it|PRP would|MD file|VB a|DT delayed|JJ fiscal-year|NN report|NN with|IN the|DT Securities|NNP and|CC Exchange|NNP Commission|NNP within|IN approximately|RB 45|CD days|NNS .|. Information|NNP International|NNP said|VBD it|PRP believes|VBZ that|IN the|DT complaints|NNS ,|, filed|VBN in|IN federal|JJ court|NN in|IN Georgia|NNP ,|, are|VBP without|IN merit|NN .|. Closely|RB held|VBN Morris|NNP Communications|NNP is|VBZ based|VBN in|IN Augusta|NNP ,|, Ga.|NNP .|. A|DT spokeswoman|NN said|VBD Sulka|NNP operates|VBZ a|DT total|NN of|IN seven|CD stores|NNS in|IN the|DT U.S.|NNP and|CC overseas|RB .|. Syms|NNS operates|VBZ 25|CD off-price|JJ apparel|NN stores|NNS in|IN the|DT U.S.|NNP .|. Typical|JJ is|VBZ what|WP happened|VBD to|TO the|DT price|NN of|IN ethylene|NN ,|, a|DT major|JJ commodity|NN chemical|NN produced|VBN in|IN vast|JJ amounts|NNS by|IN many|JJ oil|NN companies|NNS .|. But|CC stocks|NNS kept|VBD falling|VBG .|. This|DT summer|NN ,|, on|IN the|DT other|JJ hand|NN ,|, had|VBD milder|JJR weather|NN than|IN usual|JJ .|. Going|VBG into|IN the|DT fourth|JJ quarter|NN ,|, natural|JJ gas|NN prices|NNS are|VBP anywhere|RB from|IN 8|CD %|NN to|CC 17|CD %|NN lower|JJR than|IN a|DT year|NN earlier|RBR .|. The|DT Bush|NNP administration|NN has|VBZ sent|VBN conflicting|JJ signals|NNS about|IN its|PRP$ export-control|JJ policies|NNS ,|, reflecting|VBG unhealed|JJ divisions|NNS among|IN several|JJ competing|VBG agencies|NNS .|. The|DT move|NN closely|RB follows|VBZ a|DT similar|JJ offer|NN by|IN Salomon|NNP of|IN warrants|NNS for|IN shares|NNS of|IN Hongkong|NNP &|CC Shanghai|NNP Banking|NNP Corp.|NNP .|. Salomon|NNP will|MD cover|VB the|DT warrants|NNS by|IN buying|VBG sufficient|JJ shares|NNS ,|, or|CC options|NNS to|TO purchase|VB shares|NNS ,|, to|TO cover|VB its|PRP$ entire|JJ position|NN .|. Big|NNP Board|NNP Chairman|NNP John|NNP J.|NNP Phelan|NNP said|VBD yesterday|NN the|DT circuit|NN breaker|NN worked|VBD well|RB mechanically|RB .|. In|IN addition|NN to|TO $|$ 33|CD million|CD compensatory|JJ damages|NNS ,|, the|DT suit|NN seeks|VBZ $|$ 100|CD million|CD in|IN punitive|JJ damages|NNS .|. Also|RB named|VBN in|IN the|DT suit|NN is|VBZ Ivan|NNP F.|NNP Boesky|NNP Corp.|NNP and|CC Northview|NNP Corp.|NNP ,|, the|DT successor|NN company|NN to|TO Vagabonds|NNP Hotels|NNP .|. Ideal|NNP 's|POS directors|NNS rejected|VBD that|DT offer|NN ,|, although|IN they|PRP said|VBD they|PRP endorsed|VBD the|DT merger|NN proposal|NN .|. The|DT transaction|NN is|VBZ subject|JJ to|TO a|DT definitive|JJ agreement|NN and|CC approval|NN by|IN Ideal|NNP shareholders|NNS .|. Ideal|NNP said|VBD it|PRP expects|VBZ to|TO complete|VB the|DT transaction|NN early|RB next|JJ year|NN .|. And|CC they|PRP 're|VBP likely|JJ to|TO stay|VB that|DT way|NN for|IN months|NNS to|TO come|VB ,|, analysts|NNS say|VBP .|. Ferruzzi|NNP has|VBZ denied|VBN it|PRP was|VBD trying|VBG to|TO manipulate|VB the|DT soybean|NN futures|NNS market|NN .|. Looking|VBG ahead|RB to|TO other|JJ commodity|NN markets|NNS this|DT week|NN :|: Orange|NN Juice|NN Traders|NNS will|MD be|VB watching|VBG to|TO see|VB how|WRB long|RB and|CC how|WRB far|RB the|DT price|NN decline|NN that|WDT began|VBD Friday|NNP will|MD go|VB .|. It|PRP settled|VBD with|IN a|DT loss|NN of|IN 4.95|CD cents|NNS at|IN $|$ 1.3210|CD a|DT pound|NN .|. It|PRP 's|VBZ a|DT dollar-priced|JJ product|NN ,|, and|CC the|DT strong|JJ dollar|NN has|VBZ made|VBN it|PRP more|RBR expensive|JJ in|IN Europe|NNP ,|, the|DT analyst|NN said|VBD .|. But|CC the|DT build-up|NN of|IN S&P|NNP futures|NNS sell|NN orders|NNS weighed|VBD on|IN the|DT market|NN ,|, and|CC the|DT link|NN with|IN stocks|NNS began|VBD to|TO fray|VB again|RB .|. Friday|NNP capped|VBD a|DT week|NN of|IN steadily|RB rising|VBG crude|JJ oil|NN prices|NNS in|IN both|CC futures|NNS and|CC spot|NN markets|NNS .|. Analysts|NNS generally|RB cite|VBP a|DT lack|NN of|IN bearish|JJ developments|NNS as|RB well|RB as|IN rumors|NNS of|IN a|DT possible|JJ tightening|NN of|IN supplies|NNS of|IN some|DT fuels|NNS and|CC crudes|NNS .|. He|PRP was|VBD brought|VBN in|RP to|TO turn|VB around|RP the|DT company|NN .|. Ad|NN Notes|NNS ...|: .|. NOT-GUILTY|JJ PLEA|NN :|: The|DT Samsung|NNP Group|NNP and|CC Bozell|NNP Inc.|NNP agreed|VBD to|TO establish|VB a|DT joint|JJ venture|NN advertising|NN agency|NN in|IN South|NNP Korea|NNP .|. Alan|NNP Seelenfreund|NNP ,|, 52|CD years|NNS old|JJ ,|, was|VBD named|VBN chairman|NN of|IN this|DT processor|NN of|IN prescription|NN claims|NNS ,|, succeeding|VBG Thomas|NNP W.|NNP Field|NNP Jr.|NNP ,|, 55|CD ,|, who|WP resigned|VBD last|JJ month|NN .|. PCS|NNP also|RB named|VBD Rex|NNP R.|NNP Malson|NNP ,|, 57|CD ,|, executive|JJ vice|NN president|NN at|IN McKesson|NNP ,|, as|IN a|DT director|NN ,|, filling|VBG the|DT seat|NN vacated|VBN by|IN Mr.|NNP Field|NNP .|. The|DT patent|NN is|VBZ related|VBN to|TO hyaluronic|JJ acid|NN ,|, a|DT rooster-comb|NN extract|NN used|VBN in|IN eye|NN surgery|NN .|. A|DT MedChem|NNP spokesman|NN said|VBD the|DT products|NNS contribute|VBP about|RB a|DT third|NN of|IN MedChem|NNP 's|POS sales|NNS and|CC 10|CD %|NN to|CC 20|CD %|NN of|IN its|PRP$ earnings|NNS .|. At|IN Merrill|NNP Lynch|NNP &|CC Co.|NNP ,|, the|DT nation|NN 's|POS biggest|JJS brokerage|NN firm|NN ,|, a|DT news|NN release|NN was|VBD prepared|VBN headlined|VBN Merrill|NNP Lynch|NNP Comments|VBZ on|IN Market|NNP Drop|NNP .|. Newspaper|NN publishers|NNS are|VBP reporting|VBG mixed|JJ third-quarter|JJ results|NNS ,|, aided|VBN by|IN favorable|JJ newsprint|NN prices|NNS and|CC hampered|VBN by|IN flat|JJ or|CC declining|JJ advertising|NN linage|NN ,|, especially|RB in|IN the|DT Northeast|NNP .|. Heavy|JJ selling|NN of|IN Standard|NNP &|CC Poor|NNP 's|POS 500-stock|JJ index|NN futures|NNS in|IN Chicago|NNP relentlessly|RB beat|VBD stocks|NNS downward|RB .|. Net|NN fell|VBD to|TO $|$ 28.8|CD million|CD ,|, or|CC 29|CD cents|NNS a|DT share|NN ,|, from|IN $|$ 32|CD million|CD ,|, or|CC 33|CD cents|NNS a|DT share|NN .|. It|PRP 's|VBZ going|VBG to|TO bring|VB the|DT debate|NN right|RB back|RB to|TO the|DT forefront|NN .|. The|DT company|NN ,|, currently|RB using|VBG about|RB 80|CD %|NN of|IN its|PRP$ North|JJ American|JJ vehicle|NN capacity|NN ,|, has|VBZ vowed|VBN it|PRP will|MD run|VB at|IN 100|CD %|NN of|IN capacity|NN by|IN 1992|CD .|. Now|RB ,|, GM|NNP appears|VBZ to|TO be|VB stepping|VBG up|RP the|DT pace|NN of|IN its|PRP$ factory|NN consolidation|NN to|TO get|VB in|IN shape|NN for|IN the|DT 1990s|NNS .|. GM|NNP officials|NNS want|VBP to|TO get|VB their|PRP$ strategy|NN to|TO reduce|VB capacity|NN and|CC the|DT work|NN force|NN in|IN place|NN before|IN those|DT talks|NNS begin|VBP .|. The|DT Van|NNP Nuys|NNP plant|NN ,|, which|WDT employs|VBZ about|RB 3,000|CD workers|NNS ,|, does|VBZ n't|RB have|VB a|DT product|NN to|TO build|VB after|IN 1993|CD .|. Dissident|NNP UAW|NNP members|NNS have|VBP used|VBN the|DT Fiero|NNP plant|NN as|IN a|DT symbol|NN of|IN labor-management|JJ cooperation|NN 's|POS failure|NN .|. Both|DT Merieux|NNP and|CC Connaught|NNP are|VBP biotechnology|NN research|NN and|CC vaccine|NN manufacturing|NN concerns|NNS .|. But|CC there|EX were|VBD no|DT buyers|NNS .|. Viren|NNP Mehta|NNP ,|, a|DT partner|NN with|IN Mehta|NNP &|CC Isaly|NNP ,|, a|DT New|NNP York|JJ -based|JJ pharmaceutical|JJ industry|NN research|NN firm|NN ,|, said|VBD the|DT government|NN 's|POS ruling|NN was|VBD n't|RB unexpected|JJ .|. While|IN Friday|NNP 's|POS debacle|NN involved|VB mainly|RB professional|JJ traders|NNS rather|RB than|IN investors|NNS ,|, it|PRP left|VBD the|DT market|NN vulnerable|JJ to|TO continued|JJ selling|NN this|DT morning|NN ,|, traders|NNS said|VBD .|. The|DT company|NN said|VBD it|PRP planned|VBD to|TO offer|VB an|DT undetermined|JJ number|NN of|IN common|JJ shares|NNS in|IN exchange|NN for|IN the|DT 585,000|CD shares|NNS of|IN its|PRP$ preferred|JJ stock|NN outstanding|JJ .|. The|DT exchange|NN ratio|NN was|VBD never|RB established|VBN .|. Seven|CD Big|NNP Board|NNP stocks|NNS --|IN UAL|NNP ,|, AMR|NNP ,|, BankAmerica|NNP ,|, Walt|NNP Disney|NNP ,|, Capital|NNP Cities/ABC|NNP ,|, Philip|NNP Morris|NNP and|CC Pacific|NNP Telesis|NNP Group|NNP --|: stopped|VBD trading|VBG and|CC never|RB resumed|VBD .|. It|PRP 's|VBZ turning|VBG out|RP to|TO be|VB a|DT real|JJ blockbuster|NN ,|, Mr.|NNP Sweig|NNP said|VBD .|. In|IN last|JJ year|NN 's|POS third|JJ quarter|NN ,|, Lilly|NNP earned|VBD $|$ 171.4|CD million|CD ,|, or|CC $|$ 1.2|CD a|DT share|NN .|. The|DT company|NN is|VBZ praised|VBN by|IN analysts|NNS for|IN sharply|RB lowering|VBG its|PRP$ costs|NNS in|IN recent|JJ years|NNS and|CC shedding|VBG numerous|JJ companies|NNS with|IN low|JJ profit|NN margins|NNS .|. In|IN Kalamazoo|NNP ,|, Mich.|NNP ,|, Upjohn|NNP declined|VBD comment|NN .|. The|DT database|NN software|NN company|NN said|VBD it|PRP expects|VBZ a|DT $|$ 2|CD million|CD net|JJ loss|NN for|IN the|DT fiscal|JJ first|JJ quarter|NN ended|VBN Sept.|NNP 30|CD .|. Mr.|NNP Newton|NNP said|VBD he|PRP accepted|VBD the|DT resignation|NN of|IN Thomas|NNP Wilson|NNP ,|, vice|NN president|NN of|IN corporate|JJ sales|NNS ,|, and|CC that|IN his|PRP$ marketing|NN responsibilities|NNS have|VBP been|VBN reassigned|VBN .|. Relational|NNP Technology|NNP went|VBD public|NN in|IN May|NNP 1988|CD at|IN $|$ 14|CD a|DT share|NN .|. She|PRP analyzed|VBD families|NNS by|IN their|PRP$ sleeping|NN arrangements|NNS .|. Maybe|RB Lily|NNP became|VBD so|RB obsessed|JJ with|IN where|WRB people|NNS slept|VBD and|CC how|WRB because|IN her|PRP$ own|JJ arrangements|NNS kept|VBD shifting|VBG .|. But|CC both|DT the|DT past|JJ and|CC present|JJ worlds|NNS of|IN The|DT Current|JJ Climate|NN (|LRB Atlantic|NNP Monthly|NNP Press|NNP ,|, 200|CD pages|NNS ,|, $|$ 18.95|CD )|RRB feel|VBP cramped|JJ and|CC static|JJ .|. Mr.|NNP Phelan|NNP said|VBD ,|, It|PRP will|MD take|VB another|DT day|NN or|CC two|CD to|TO analyze|VB who|WP was|VBD buying|VBG and|CC selling|VBG Friday|NNP .|. Gulf|NNP 's|POS net|JJ worth|NN after|IN those|DT transaction|NN must|MD be|VB at|IN least|JJS $|$ 150|CD million|CD .|. Separately|RB ,|, the|DT company|NN said|VBD it|PRP expects|VBZ to|TO hold|VB a|DT special|JJ meeting|NN for|IN shareholders|NNS in|IN early|JJ 1990|CD to|TO vote|VB on|IN its|PRP$ proposed|VBN reorganization|NN .|. If|IN we|PRP get|VBP rid|JJ of|IN a|DT lot|NN of|IN that|DT nonsense|NN ,|, it|PRP will|MD be|VB a|DT big|JJ plus|NN .|. The|DT finger-pointing|NN has|VBZ already|RB begun|VBN .|. But|CC on|IN average|NN ,|, Manhattan|NNP retail|JJ rents|NNS have|VBP dropped|VBN 10|CD %|NN to|CC 15|CD %|NN in|IN the|DT past|JJ six|CD months|NNS alone|RB ,|, experts|NNS say|VBP .|. Ports|NNP of|IN Call|NNP Inc.|NNP reached|VBD agreements|NNS to|TO sell|VB its|PRP$ remaining|VBG seven|CD aircraft|NN to|TO buyers|NNS that|WDT were|VBD n't|RB disclosed|VBN .|. The|DT same|JJ factors|NNS limiting|VBG demand|NN for|IN office|NN space|NN have|VBP affected|VBN retailing|NN .|. Hardest|JJS hit|VB are|VBP what|WP he|PRP calls|VBZ secondary|JJ sites|NNS that|WDT primarily|RB serve|VBP neighborhood|NN residents|NNS .|. Certainly|RB ,|, the|DT recent|JJ drop|NN in|IN prices|NNS does|VBZ n't|RB mean|VB Manhattan|NNP comes|VBZ cheap|JJ .|. New|NNP York|NNP retail|JJ rents|NNS still|RB run|VBP well|RB above|IN the|DT going|JJ rate|NN in|IN other|JJ U.S.|NNP cities|NNS .|. The|DT thriving|VBG 34th|NNP Street|NNP area|NN offers|VBZ rents|NNS of|IN about|RB $|$ 100|CD a|DT square|JJ foot|NN ,|, as|IN do|VB up-and-coming|JJ locations|NNS along|IN lower|JJR Fifth|NNP Avenue|NNP .|. The|DT American|NNP Stock|NNP Exchange|NNP listed|VBD shares|NNS of|IN two|CD companies|NNS .|. For|IN the|DT first|JJ time|NN ,|, the|DT 83-year-old|JJ justice|NN finds|VBZ his|PRP$ influence|NN almost|RB exclusively|RB in|IN dissent|NN ,|, rather|RB than|IN as|IN a|DT force|NN in|IN the|DT high|JJ court|NN 's|POS majority|NN .|. This|DT role|NN reversal|NN holds|VBZ true|JJ ,|, as|IN well|RB ,|, for|IN his|PRP$ three|CD liberal|JJ and|CC moderate|JJ allies|NNS ,|, Justices|NNP Thurgood|NNP Marshall|NNP ,|, Harry|NNP Blackmun|NNP and|CC John|NNP Stevens|NNP .|. The|DT four|CD justices|NNS are|VBP no|DT newcomers|NNS to|TO dissent|NN ,|, often|RB joining|VBG forces|NNS in|IN the|DT past|JJ decade|NN to|TO criticize|VB the|DT court|NN 's|POS conservative|JJ drift|NN .|. Harvard|NNP Law|NNP School|NNP Professor|NNP Laurence|NNP Tribe|NNP says|VBZ there|EX is|VBZ a|DT generation-skipping|JJ flavor|NN to|TO current|JJ dissents|NNS .|. Justice|NNP Blackmun|NNP ,|, who|WP will|MD turn|VB 81|CD next|JJ month|NN ,|, also|RB seems|VBZ feisty|JJ about|IN his|PRP$ new|JJ role|NN .|. Friends|NNS and|CC associates|NNS who|WP saw|VBD Justice|NNP Blackmun|NNP during|IN the|DT summer|NN said|VBD he|PRP was|VBD no|DT more|RBR discouraged|JJ about|IN the|DT court|NN than|IN in|IN recent|JJ years|NNS .|. But|CC his|PRP$ level|NN of|IN frustration|NN showed|VBD in|IN a|DT recent|JJ ,|, impassioned|JJ speech|NN to|TO a|DT group|NN of|IN hundreds|NNS of|IN lawyers|NNS in|IN Chicago|NNP .|. A|DT Canadian|JJ bank|NN bought|VBD another|DT thrift|NN ,|, in|IN the|DT first|JJ RTC|NNP transaction|NN with|IN a|DT foreign|JJ bank|NN .|. These|DT clean-bank|JJ transactions|NNS leave|VBP the|DT bulk|NN of|IN bad|JJ assets|NNS ,|, mostly|RB real|JJ estate|NN ,|, with|IN the|DT government|NN ,|, to|TO be|VB sold|VBN later|RB .|. NCNB|NNP Texas|NNP National|NNP Bank|NNP will|MD pay|VB the|DT RTC|NNP a|DT premium|NN of|IN $|$ 129|CD million|CD for|IN $|$ 3.5|CD billion|CD in|IN deposits|NNS .|. NCNB|NNP also|RB acquired|VBD Freedom|NNP Savings|NNP &|CC Loan|NNP Association|NNP ,|, Tampa|NNP ,|, Fla.|NNP ,|, which|WDT had|VBD total|JJ assets|NNS of|IN $|$ 900|CD million|CD .|. NCNB|NNP will|MD pay|VB the|DT RTC|NNP a|DT premium|NN of|IN $|$ 40.4|CD million|CD for|IN $|$ 1.1|CD billion|CD in|IN deposits|NNS .|. Time|NNP magazine|NN ,|, in|IN a|DT move|NN to|TO reduce|VB the|DT costs|NNS of|IN wooing|VBG new|JJ subscribers|NNS ,|, is|VBZ lowering|VBG its|PRP$ circulation|NN guarantee|NN to|TO advertisers|NNS for|IN the|DT second|JJ consecutive|JJ year|NN ,|, increasing|VBG its|PRP$ subscription|NN rates|NNS and|CC cutting|VBG back|RP on|IN merchandise|NN giveaways|NNS .|. Mr.|NNP Heinemann|NNP said|VBD the|DT changes|NNS represent|VBP a|DT new|JJ focus|NN in|IN the|DT magazine|NN industry|NN :|IN a|DT magazine|NN 's|POS net|JJ revenue|NN per|IN subscriber|NN ,|, or|CC the|DT actual|JJ revenue|NN from|IN subscribers|NNS after|IN discounts|NNS and|CC the|DT cost|NN of|IN premiums|NNS have|VBP been|VBN stripped|VBN away|RP .|. Sanford|NNP Sigoloff|NNP ,|, chief|JJ executive|NN of|IN L.J.|NNP Hooker|NNP ,|, said|VBD yesterday|NN in|IN a|DT statement|NN that|IN he|PRP has|VBZ not|RB yet|RB seen|VBN the|DT bid|NN but|CC that|IN he|PRP would|MD review|VB it|PRP and|CC bring|VB it|PRP to|TO the|DT attention|NN of|IN the|DT creditors|NNS committee|NN .|. Already|RB ,|, CNN|NNP is|VBZ facing|VBG stronger|JJR competition|NN from|IN Financial|NNP News|NNP Network|NNP Inc.|NNP and|CC General|NNP Electric|NNP Co.|NNP 's|POS Consumer|NNP News|NNP and|CC Business|NNP Channel|NNP ,|, both|DT of|IN which|WDT are|VBP likely|JJ to|TO pursue|VB more|JJR general|JJ news|NN in|IN the|DT future|NN .|. I|PRP find|VBP it|PRP hard|JJ to|TO conceive|VB of|IN people|NNS switching|VBG over|RB to|TO CNN|NNP for|IN what|WP ,|, at|IN least|JJS in|IN the|DT public|NN 's|POS mind|NN ,|, is|VBZ the|DT same|JJ news|NN ,|, says|VBZ Reuven|NNP Frank|NNP ,|, the|DT former|JJ two-time|JJ president|NN of|IN NBC|NNP News|NNP and|CC creator|NN of|IN the|DT Huntley-Brinkley|NNP report|NNP .|. We|PRP would|MD obviously|RB be|VB upset|VBN if|IN those|DT kinds|NNS of|IN services|NNS evolved|VBD into|IN more|JJR general-interest|JJ ,|, long-format|JJ programming|NN ,|, says|VBZ Robert|NNP Stengel|NNP ,|, senior|JJ vice|NN president|NN ,|, programming|NN ,|, of|IN Continental|NNP Cablevision|NNP Inc.|NNP ,|, which|WDT holds|VBZ a|DT 2|CD %|NN stake|NN in|IN Turner|NNP Broadcasting|NNP .|. Other|JJ Hooker|NNP properties|NNS included|VBN are|VBP a|DT 20-story|JJ office|NN tower|NN in|IN midtown|JJ Atlanta|NNP ,|, expected|VBD to|TO be|VB completed|VBN next|IN February|NNP ;|; vacant|JJ land|NN sites|NNS in|IN Florida|NNP and|CC Ohio|NNP ;|; L.J.|NNP Hooker|NNP International|NNP ,|, the|DT commercial|JJ real-estate|NN brokerage|NN company|NN that|WDT once|RB did|VBD business|NN as|IN Merrill|NNP Lynch|NNP commercial|NNP real|NNP estate|NNP ,|, plus|CC other|JJ shopping|NN centers|NNS .|. Once|RB again|RB the|DT specialists|NNS were|VBD not|RB able|JJ to|TO handle|VB the|DT imbalances|NNS on|IN the|DT floor|NN of|IN the|DT New|NNP York|NNP Stock|NNP Exchange|NNP ,|, said|VBD Christopher|NNP Pedersen|NNP ,|, senior|JJ vice|NN president|NN at|IN Twenty-First|NNP Securities|NNP Corp.|NNP .|. Lawyers|NNS for|IN dozens|NNS of|IN insolvent|JJ savings|NNS and|CC loan|NN associations|NNS are|VBP trying|VBG a|DT new|JJ tack|NN in|IN their|PRP$ efforts|NNS to|TO defuse|VB suits|NNS filed|VBN by|IN borrowers|NNS ,|, developers|NNS and|CC creditors|NNS .|. Bush|NNP indicated|VBD there|EX might|MD be|VB room|NN for|IN flexibility|NN in|IN a|DT bill|NN to|TO allow|VB federal|JJ funding|NN of|IN abortions|NNS for|IN poor|JJ women|NNS who|WP are|VBP vicitims|NNS of|IN rape|NN and|CC incest|NN .|. Hundreds|NNP of|IN East|NNP Germans|NNPS flocked|VBD to|TO Bonn|NNP 's|POS Embassy|NNP in|IN Warsaw|NNP ,|, bringing|VBG to|TO more|JJR than|IN 1,200|CD the|DT number|NN of|IN emigres|NNS expected|VBD to|TO flee|VB to|TO the|DT West|NNP beginning|IN today|NN .|. A|DT plan|NN currently|RB under|IN study|NN gives|VBZ Damascus|NNP two|CD years|NNS to|TO pull|VB back|RB to|TO eastern|JJ Lebanon|NNP ,|, starting|VBG from|IN the|DT time|NN Beirut|NNP 's|POS legislature|NN increases|VBZ political|JJ power|NN for|IN Moslems|NNPS .|. September|NNP 's|POS steep|JJ rise|NN in|IN producer|NN prices|NNS shows|VBZ that|IN inflation|NN still|RB persists|VBZ ,|, and|CC the|DT pessimism|NN over|IN interest|NN rates|NNS caused|VBN by|IN the|DT new|JJ price|NN data|NNS contributed|VBD to|TO the|DT stock|NN market|NN 's|POS plunge|NN Friday|NNP .|. After|IN falling|VBG for|IN three|CD consecutive|JJ months|NNS ,|, the|DT producer|NN price|NN index|NN for|IN finished|JJ goods|NNS shot|VBD up|RB 0.9|CD %|NN last|JJ month|NN ,|, the|DT Labor|NNP Department|NNP reported|VBD Friday|NNP ,|, as|IN energy|NN prices|NNS jumped|VBD after|IN tumbling|VBG through|IN the|DT summer|NN .|. Although|IN the|DT report|NN ,|, which|WDT was|VBD released|VBN before|IN the|DT stock|NN market|NN opened|VBD ,|, did|VBD n't|RB trigger|VB the|DT 190.58-point|JJ drop|NN in|IN the|DT Dow|NNP Jones|NNP Industrial|NNP Average|NNP ,|, analysts|NNS said|VBD it|PRP did|VBD play|VB a|DT role|NN in|IN the|DT market|NN 's|POS decline|NN .|. The|DT overall|JJ 0.9|CD %|NN increase|NN is|VBZ serious|JJ in|IN itself|PRP ,|, but|CC what|WP is|VBZ even|RB worse|JJR is|VBZ that|IN excluding|VBG food|NN and|CC energy|NN ,|, the|DT producer|NN price|NN index|NN still|RB increased|VBD by|IN 0.7|CD %|NN ,|, said|VBD Gordon|NNP Richards|NNP ,|, an|DT economist|NN at|IN the|DT National|NNP Association|NNP of|IN Manufacturers|NNP .|. CityFed|NNP also|RB said|VBD it|PRP expects|VBZ to|TO shed|VB its|PRP$ remaining|VBG mortgage|NN loan|NN origination|NN operations|NNS outside|IN its|PRP$ principal|JJ markets|NNS in|IN New|NNP Jersey|NNP and|CC Florida|NNP and|CC ,|, as|IN a|DT result|NN ,|, is|VBZ taking|VBG a|DT charge|NN for|IN discontinued|JJ operations|NNS .|. For|IN the|DT nine|CD months|NNS ended|VBD June|NNP 30|CD ,|, CenTrust|NNP had|VBD a|DT net|JJ loss|NN of|IN $|$ 21.3|CD million|CD ,|, compared|VBN with|IN year-earlier|JJ net|JJ income|NN of|IN $|$ 52.8|CD million|CD .|. Regulators|NNS have|VBP become|VBN increasingly|RB antsy|JJ about|IN CenTrust|NNP 's|POS and|CC other|JJ thrifts|NNS '|POS junk-bond|NN holdings|NNS in|IN light|NN of|IN the|DT recent|JJ federal|JJ thrift|NN bailout|NN legislation|NN and|CC the|DT recent|JJ deep|JJ decline|NN in|IN the|DT junk-bond|NN market|NN .|. CenTrust|NNP ,|, however|RB ,|, touts|VBZ the|DT branch|NN sale|NN ,|, saying|VBG it|PRP would|MD bring|VB in|RP $|$ 150|CD million|CD and|CC reduce|VB the|DT thrift|NN 's|POS assets|NNS to|TO $|$ 6.7|CD billion|CD from|IN $|$ 9|CD billion|CD .|. One|CD of|IN Italy|NNP 's|POS favorite|JJ shows|NNS ,|, Fantastico|NNP ,|, a|DT tepid|JJ variety|NN show|NN ,|, is|VBZ so|SO popular|JJ that|IN viewers|NNS clamored|VBD to|TO buy|VB a|DT chocolate|NN product|NN ,|, Cacao|NNP Fantastico|NNP ,|, whose|WP$ praises|NNS were|VBD sung|VBN each|DT week|NN by|IN dancing|VBG showgirls|NNS --|IN even|RB though|IN the|DT product|NN did|VBD n't|RB exist|VB .|. A|DT celebrity|NN guest|NN ,|, U.S.|NNP Ambassador|NNP to|TO West|NNP Germany|NNP Richard|NNP Burt|NNP ,|, also|RB won|VBD a|DT bet|NN that|IN someone|DT could|MD pile|VB up|RP $|$ 150|CD worth|NN of|IN quarters|NNS on|IN a|DT slanted|JJ coin|NN .|. A|DT French|JJ knock-off|NN of|IN Dallas|NNP ,|, called|VBN Chateauvallon|NNP and|CC set|VBN in|IN a|DT French|JJ vineyard|NN ,|, had|VBD a|DT good|JJ run|NN in|IN France|NNP ,|, which|WDT ended|VBD after|IN the|DT female|JJ lead|NN was|VBD injured|VBN in|IN a|DT real-life|JJ auto|NN accident|NN .|. Italy|NNP 's|POS most|RBS popular|JJ series|NN is|VBZ a|DT drama|NN called|VBN La|FW Piovra|FW ,|, or|CC The|NNP Octopus|NNP ,|, which|WDT chronicles|VBZ the|DT fight|NN of|IN an|DT idealistic|JJ young|JJ investigator|NN in|IN Palermo|NNP against|IN the|DT Mafia|NNP .|. In|IN a|DT Madrid|NNP hotel|NN room|NN recently|RB ,|, a|DT viewer|NN caught|VBD the|DT end|NN of|IN a|DT badly|RB acted|VBN series|NN about|IN a|DT fishing|NN boat|NN on|IN Australia|NNP 's|POS Great|NNP Barrier|NNP Reef|NNP ,|, only|RB to|TO be|VB urged|VBN by|IN the|DT British|JJ announcer|NN to|TO stay|VB tuned|VBN for|IN the|DT further|JJ adventures|NNS of|IN Skippy|NNP the|DT Kangaroo|NNP .|. Just|RB last|JJ week|NN they|PRP announced|VBD they|PRP may|MD make|VB a|DT joint|JJ bid|NN to|TO buy|VB Ferranti|NNP International|NNP Signal|NNP PLC|NNP ,|, a|DT smaller|JJR British|JJ defense|NN contractor|NN rocked|VBN by|IN alleged|JJ accounting|NN fraud|NN at|IN a|DT U.S.|NNP unit|NN .|. A|DT British|NNP Aerospace|NNP spokeswoman|NN appeared|VBD unperturbed|JJ by|IN the|DT prospect|NN of|IN a|DT fight|NN with|IN GEC|NNP for|IN Ferranti|NNP :|IN Competition|NN is|VBZ the|DT name|NN of|IN the|DT game|NN ,|, she|PRP said|VBD .|. At|IN Fidelity|NNP Investments|NNP ,|, the|DT nation|NN 's|POS largest|JJS fund|NN company|NN ,|, telephone|NN volume|NN was|VBD up|RB sharply|RB ,|, but|CC it|PRP was|VBD still|RB at|IN just|RB half|PDT the|DT level|NN of|IN the|DT weekend|NN preceding|VBG Black|NNP Monday|NNP in|IN 1987|CD .|. In|IN the|DT year-earlier|JJ third|JJ quarter|NN ,|, when|WRB the|DT industry|NN was|VBD in|IN the|DT midst|NN of|IN a|DT boom|NN ,|, the|DT company|NN had|VBD net|NN of|IN $|$ 61|CD million|CD ,|, or|CC $|$ 1.7|CD a|DT share|NN ,|, on|IN sales|NNS of|IN $|$ 1.02|CD billion|CD .|. Investors|NNS --|: taking|VBG this|DT as|IN a|DT sign|NN that|IN a|DT broad|JJ industry|NN slump|NN was|VBD in|IN the|DT offing|NN --|: reacted|VBD by|IN selling|VBG the|DT company|NN 's|POS stock|NN ,|, which|WDT lost|VBD $|$ 3.25|CD that|DT day|NN to|TO close|VB at|IN $|$ 52|CD in|IN national|JJ over-the-counter|JJ trading|NN .|. Two|CD years|NNS ago|RB there|EX were|VBD massive|JJ redemption|NN levels|NNS over|IN the|DT weekend|NN and|CC a|DT lot|NN of|IN fear|NN around|RB ,|, said|VBD C.|NNP Bruce|NNP Johnstone|NNP ,|, who|WP runs|VBZ Fidelity|NNP Investments|NNP '|POS $|$ 5|CD billion|CD Equity-Income|NNP Fund|NNP .|. He|PRP expects|VBZ Aldus|NNP to|TO report|VB earnings|NNS of|IN 21|CD cents|NNS a|DT share|NN on|IN revenues|NNS of|IN $|$ 19.5|CD million|CD for|IN its|PRP$ third|JJ quarter|NN ,|, compared|VBN with|IN earnings|NNS of|IN 30|CD cents|NNS a|DT share|NN on|IN revenue|NN of|IN 20.4|CD million|CD in|IN the|DT year-earlier|JJ period|NN .|. Mr.|NNP Benton|NNP expects|VBZ Compaq|NNP to|TO unveil|VB a|DT family|NN of|IN high-end|JJ personal|JJ computers|NNS later|RB this|DT year|NN that|WDT are|VBP powerful|JJ enough|RB to|TO serve|VB as|IN the|DT hub|NN for|IN communications|NNS within|IN large|JJ networks|NNS of|IN desk-top|JJ machines|NNS .|. Overall|RB ,|, though|RB ,|, the|DT South|NNP and|CC West|NNP still|RB outpace|VBP the|DT Northeast|NNP and|CC Midwest|NNP ,|, and|CC fast-growing|JJ states|NNS like|IN Florida|NNP and|CC California|NNP ensure|VBP that|IN the|DT pattern|NN will|MD continue|VB .|. Mayor|NNP Lynn|NNP Spruill|NNP and|CC two|CD members|NNS of|IN the|DT council|NN said|VBD they|PRP were|VBD worried|JJ about|IN setting|VBG a|DT precedent|NN that|WDT would|MD permit|VB pool|NN halls|NNS along|IN Addison|NNP 's|POS main|JJ street|NN .|. And|CC even|RB if|IN a|DT nurse|NN would|MD wear|VB flowers|NNS in|IN her|PRP$ hair|NN while|IN on|IN duty|NN ,|, if|IN she|PRP were|VBD engaged|JJ she|PRP would|MD know|VB to|TO wear|VB them|PRP behind|IN her|PRP left|JJ ,|, not|RB right|JJ ,|, ear|NN .|. If|IN Mr.|NNP Mason|NNP had|VBD used|VBN less|RBR derogatory|JJ language|NN to|TO articulate|VB his|PRP$ amateur|JJ analysis|NN of|IN the|DT voting|NN behavior|NN of|IN his|PRP$ fellow|NN New|NNP Yorkers|NNP ,|, would|MD the|DT water|NN be|VB quite|RB so|SO hot|JJ ?|. And|CC it|PRP has|VBZ remained|VBN there|RB ,|, as|IN evidenced|VBN by|IN its|PRP$ reappearance|NN in|IN a|DT 1972|CD CBS|NNP sitcom|NN called|VBN Bridget|NNP Loves|VBZ Bernie|NNP ,|, whose|WP$ sole|JJ distinction|NN was|VBD that|IN it|PRP led|VBD to|TO the|DT real-life|JJ marriage|NN of|IN Meredith|NNP Baxter|NNP and|CC David|NNP Birney|NNP .|. For|IN instance|NN ,|, Michael|NNP dislikes|VBZ Jackie|NNP not|RB because|IN he|PRP 's|VBZ a|DT shrewd|JJ Jewish|JJ businessman|NN ,|, but|CC because|IN he|PRP quits|VBZ his|PRP$ well-paying|JJ job|NN as|IN a|DT salesman|NN in|IN order|NN to|TO become|VB a|DT social|JJ worker|NN .|. The|DT best|JJS moments|NNS in|IN the|DT show|NN occur|VBP at|IN the|DT beginning|NN and|CC the|DT end|NN (|LRB and|CC occasionally|RB in|IN the|DT middle|NN )|RRB .|. But|CC Senate|NNP supporters|NNS of|IN the|DT trimmer|JJR legislation|NN said|VBD that|IN other|JJ bills|NNS would|MD soon|RB be|VB moving|VBG through|IN Congress|NNP that|WDT could|MD carry|VB some|DT of|IN the|DT measures|NNS that|WDT had|VBD been|VBN cast|VBN aside|RB ,|, including|VBG a|DT capital-gains|NNS tax|NN cut|NN .|. White|NNP House|NNP Budget|NNP Director|NNP Richard|NNP Darman|NNP told|VBD reporters|NNS yesterday|RB that|IN the|DT administration|NN would|MD n't|RB push|VB to|TO keep|VB the|DT capital-gains|NNS cut|NN in|IN the|DT final|JJ version|NN of|IN the|DT bill|NN .|. And|CC a|DT senior|JJ aide|NN to|TO the|DT House|NNP Ways|NNP and|CC Means|NNP Committee|NNP ,|, where|WRB tax|NN legislation|NN originates|VBZ ,|, said|VBD there|EX are|VBP n't|RB any|DT plans|NNS to|TO produce|VB another|DT tax|NN bill|NN that|WDT could|MD carry|VB a|DT gains|NNS tax|NN cut|NN this|DT year|NN .|. To|TO the|DT delight|NN of|IN some|DT doctors|NNS ,|, the|DT bill|NN dropped|VBD a|DT plan|NN passed|VBN by|IN the|DT Finance|NNP Committee|NNP that|WDT would|MD have|VB overhauled|VBN the|DT entire|JJ physician-reimbursement|JJ system|NN under|IN Medicare|NNP .|. Authority|NNP for|IN the|DT Federal|NNP Aviation|NNP Administration|NNP to|TO raise|VB $|$ 239|CD million|CD by|IN charging|VBG fees|NNS for|IN commercial|JJ airline-landing|JJ rights|NNS at|IN New|NNP York|NNP 's|POS LaGuardia|NNP and|CC John|NNP F.|NNP Kennedy|NNP International|NNP Airports|NNP ,|, O'Hare|NNP International|NNP Airport|NNP in|IN Chicago|NNP and|CC National|NNP Airport|NNP in|IN Washington|NNP .|. The|DT agency|NN said|VBD it|PRP reduced|VBD its|PRP$ rating|NN on|IN the|DT thrift|NN 's|POS subordinated|JJ debt|NN to|TO B-2|NN from|IN Ba-2|NN and|CC will|MD keep|VB the|DT debt|NN under|IN review|NN for|IN possible|JJ further|JJ downgrade|NN .|. If|IN the|DT dollar|NN stays|VBZ weak|JJ ,|, he|PRP says|VBZ ,|, that|WDT will|MD add|VB to|TO inflationary|JJ pressures|NNS in|IN the|DT U.S.|NNP and|CC make|VB it|PRP hard|JJ for|IN the|DT Federal|NNP Reserve|NNP Board|NNP to|TO ease|VB interest|NN rates|NNS very|RB much|RB .|. He|PRP recommends|VBZ that|IN investors|NNS sell|VB takeover-related|JJ stocks|NNS ,|, but|CC hang|VB on|RP to|TO some|DT other|JJ stocks|NNS --|IN especially|RB utilities|NNS ,|, which|WDT often|RB do|VBP well|RB during|IN periods|NNS of|IN economic|JJ weakness|NN .|. I|PRP disagree|VBP with|IN the|DT statement|NN by|IN Mr.|NNP Lantos|NNP that|IN one|PRP should|MD not|RB draw|VB an|DT adverse|JJ inference|NN against|IN former|JJ HUD|NNP officials|NNS who|WP assert|VBP their|PRP$ Fifth|NNP Amendment|NNP privilege|NN against|IN self-incrimination|NN in|IN congressional|JJ hearings|NNS .|. We|PRP view|VBP Friday|NNP 's|POS market|NN decline|NN as|IN offering|VBG us|PRP a|DT buying|NN opportunity|NN as|IN long-term|JJ investors|NNS ,|, a|DT recording|NN at|IN Gabelli|NNP &|CC Co.|NNP funds|NNS said|VBD over|IN the|DT weekend|NN .|. Thus|RB ,|, when|WRB Mr.|NNP Pierce|NNP asserted|VBD the|DT Fifth|NNP in|IN a|DT noncriminal|JJ proceeding|NN ,|, particularly|RB after|IN presumably|RB receiving|VBG extensive|JJ advice|NN from|IN legal|JJ counsel|NN ,|, one|PRP must|MD conclude|VB that|IN he|PRP held|VBD a|DT good-faith|NN ,|, justifiable|JJ belief|NN that|IN his|PRP$ testimony|NN could|MD be|VB used|VBN against|IN him|PRP in|IN a|DT subsequent|JJ criminal|JJ prosecution|NN .|. The|DT subcommittee|NN ,|, Congress|NNP and|CC the|DT American|JJ public|NN have|VBP every|DT right|NN to|TO draw|VB the|DT adverse|JJ inference|NN and|CC to|TO concur|VB with|IN Mr.|NNP Pierce|NNP 's|POS own|JJ belief|NN that|IN his|PRP$ testimony|NN could|MD help|VB convict|VB him|PRP of|IN a|DT crime|NN .|. In|IN a|DT similar|JJ vein|NN ,|, he|PRP adds|VBZ that|IN the|DT anniversary|NN of|IN the|DT 1987|CD crash|NN and|CC Saturday|NNP 's|POS full|JJ moon|NN could|MD have|VB played|VBN a|DT part|NN ,|, too|RB ,|, in|IN Friday|NNP 's|POS market|NN activity|NN .|. Mr.|NNP King|NNP of|IN Robinson-Humphrey|NNP and|CC others|NNS were|VBD quick|JJ to|TO add|VB that|IN they|PRP believe|VBP the|DT problem|NN stemmed|VBD more|RBR from|IN traders|NNS '|POS inability|NN to|TO handle|VB the|DT volume|NN of|IN calls|NNS ,|, rather|RB than|IN a|DT deliberate|JJ attempt|NN to|TO avoid|VB making|VBG trades|NNS .|. Jeremiah|NNP Mullins|NNP ,|, the|DT OTC|NNP trading|NN chief|NN at|IN Dean|NNP Witter|NNP Reynolds|NNP in|IN New|NNP York|NNP ,|, said|VBD proudly|RB that|IN his|PRP$ company|NN executed|VBD every|DT order|NN it|PRP received|VBD by|IN the|DT close|NN of|IN trading|NN .|. Two|CD years|NNS ago|RB ,|, faced|VBN with|IN the|DT possibility|NN of|IN heavy|JJ losses|NNS on|IN the|DT stocks|NNS in|IN their|PRP$ inventories|NNS ,|, market|NN makers|NNS themselves|PRP began|VBD dumping|VBG shares|NNS ,|, exacerbating|VBG the|DT slide|NN in|IN OTC|NNP stock|NN prices|NNS .|. But|CC she|PRP expects|VBZ prices|NNS to|TO rebound|VB soon|RB and|CC is|VBZ telling|VBG investors|NNS she|PRP expects|VBZ the|DT stock|NN market|NN wo|MD n't|RB decline|VB more|JJR than|IN 10|CD %|NN to|CC 15|CD %|NN from|IN recent|JJ highs|NNS .|. Joseph|NNP Hardiman|NNP ,|, president|NN of|IN the|DT National|NNP Association|NNP of|IN Securities|NNP Dealers|NNP ,|, which|WDT oversees|VBZ the|DT Nasdaq|NNP computerized|JJ trading|NN system|NN ,|, said|VBD that|IN despite|IN the|DT rush|NN of|IN selling|VBG ,|, he|PRP never|RB considered|VBD the|DT situation|NN an|DT emergency|NN .|. More|RBR troubling|JJ is|VBZ the|DT prospect|NN that|IN the|DT overall|JJ collapse|NN in|IN stock|NN prices|NNS could|MD permanently|RB erode|VB the|DT base|NN of|IN small-investor|NN support|NN the|DT OTC|NNP market|NN was|VBD struggling|VBG to|TO rebuild|VB in|IN the|DT wake|NN of|IN the|DT October|NNP 1987|CD crash|NN .|. The|DT sellers|NNS on|IN Friday|NNP came|VBD from|IN all|DT corners|NNS of|IN the|DT OTC|NNP market|NN --|IN big|JJ and|CC small|JJ institutional|JJ investors|NNS ,|, as|RB well|RB as|IN individual|JJ investors|NNS and|CC market|NN makers|NNS .|. McCaw|NNP Cellular|NNP Communications|NNP ,|, for|IN instance|NN ,|, has|VBZ offered|VBN to|TO buy|VB LIN|NNP Broadcasting|NNP as|RB well|RB as|IN Metromedia|NNP 's|POS New|NNP York|NNP City|NNP cellular|JJ telephone|NN interests|NNS ,|, and|CC in|IN a|DT separate|JJ transaction|NN ,|, sell|VB certain|JJ McCaw|NNP properties|NNS to|TO Contel|NNP Cellular|NNP .|. Among|IN other|JJ OTC|NNP issues|NNS ,|, Intel|NNP ,|, dropped|VBD 2|CD 1/8|CD to|TO 33|CD 7/8|CD ;|; Laidlaw|NNP Transportation|NNP lost|VBD 1|CD 1/8|CD to|TO 19|CD 1/2|CD ;|; the|DT American|JJ depositary|JJ receipts|NNS of|IN Jaguar|NNP were|VBD off|RB 1/4|CD to|TO 10|CD 1/4|CD ;|; MCI|NNP Communications|NNP slipped|VBD 2|CD 1/4|CD to|TO 43|CD 1/2|CD ;|; Apple|NNP Computer|NNP fell|VBD 3|CD to|TO 45|CD 3/4|CD and|CC Nike|NNP dropped|VBD 2|CD 1/4|CD to|TO 66|CD 3/4|CD .|. Average|NN of|IN top|JJ rates|NNS paid|VBN by|IN major|JJ New|NNP York|NNP banks|NNS on|IN primary|JJ new|JJ issues|NNS of|IN negotiable|JJ C.D.s|NNS ,|, usually|RB on|IN amounts|NNS of|IN $|$ 1|CD million|CD and|CC more|JJR .|. 8|CD 13/16|CD %|NN to|CC 8|CD 11/16|CD %|NN one|CD month|NN ;|; 8|CD 13/16|CD %|NN to|CC 8|CD 11/16|CD %|NN two|CD months|NNS ;|; 8|CD 13/16|CD %|NN to|CC 8|CD 11/16|CD %|NN three|CD months|NNS ;|; 8|CD 3/4|CD %|NN to|CC 8|CD 5/8|CD %|NN four|CD months|NNS ;|; 8|CD 11/16|CD %|NN to|CC 8|CD 9/16|CD %|NN five|CD months|NNS ;|; 8|CD 5/8|CD %|NN to|CC 8|CD 1/2|CD %|NN six|CD months|NNS .|. Most|RBS often|RB ,|, they|PRP do|VBP just|RB that|DT ,|, because|IN stocks|NNS have|VBP proved|VBN to|TO be|VB the|DT best-performing|JJ long-term|JJ investment|NN ,|, attracting|VBG about|RB $|$ 1|CD trillion|CD from|IN pension|NN funds|NNS alone|RB .|. If|IN you|PRP bought|VBD after|IN the|DT crash|NN ,|, you|PRP did|VBD very|RB very|RB well|RB off|IN the|DT bottom|NN ,|, said|VBD Stephen|NNP B.|NNP Timbers|NNP ,|, chief|JJ investment|NN officer|NN of|IN Chicago-based|JJ Kemper|NNP Financial|NNP Services|NNP Inc.|NNP .|. The|DT last|JJ crash|NN taught|VBD institutional|JJ investors|NNS that|IN they|PRP have|VBP to|TO be|VB long-term|JJ holders|NNS ,|, and|CC that|IN they|PRP ca|MD n't|RB react|VB to|TO short-term|JJ events|NNS ,|, good|JJ or|CC bad|JJ ,|, said|VBD Stephen|NNP L.|NNP Nesbitt|NNP ,|, senior|JJ vice|NN president|NN for|IN the|DT pension|NN consultants|NNS Wilshire|NNP Associates|NNP in|IN Santa|NNP Monica|NNP ,|, Calif|NNP .|. You|PRP could|MD go|VB down|RB 400|CD points|NNS and|CC still|RB have|VB a|DT good|JJ year|NN in|IN the|DT market|NN ,|, said|VBD James|NNP D.|NNP Awad|NNP ,|, president|NN of|IN New|NNP York|JJ -based|JJ BMI|NNP Capital|NNP Corp.|NNP .|. Food|NNP and|CC Drug|NNP Administration|NNP spokesman|NN Jeff|NNP Nesbit|NNP said|VBD the|DT agency|NN has|VBZ turned|VBN over|RP evidence|NN in|IN a|DT criminal|JJ investigation|NN concerning|VBG Vitarine|NNP Pharmaceuticals|NNP Inc.|NNP to|TO the|DT U.S.|NNP Attorney|NNP 's|POS office|NN in|IN Baltimore|NNP .|. Vitarine|NNP won|VBD approval|NN to|TO market|VB a|DT version|NN of|IN a|DT blood|NN pressure|NN medicine|NN but|CC acknowledged|VBD that|IN it|PRP substituted|VBD a|DT SmithKline|NNP Beecham|NNP PLC|NNP product|NN as|IN its|PRP$ own|NN in|IN tests|NNS .|. The|DT FDA|NNP has|VBZ said|VBN it|PRP presented|VBD evidence|NN it|PRP uncovered|VBD to|TO the|DT company|NN indicating|VBG that|IN Bolar|NNP substituted|VBD the|DT brand-name|JJ product|NN for|IN its|PRP$ own|NN to|TO gain|VB government|NN approval|NN to|TO sell|VB generic|JJ versions|NNS of|IN Macrodantin|NNP .|. By|IN 11:59|CD p.m.|RB tonight|NN ,|, President|NNP Bush|NNP must|MD order|VB $|$ 16|CD billion|CD of|IN automatic|JJ ,|, across-the-board|JJ cuts|NNS in|IN government|NN spending|NN to|TO comply|VB with|IN the|DT Gramm-Rudman|NNP budget|NN law|NN .|. And|CC he|PRP has|VBZ kept|VBN mum|JJ on|IN how|WRB his|PRP$ decision|NN might|MD affect|VB a|DT bid|NN for|IN United|NNP Airlines|NNP ,|, which|WDT includes|VBZ a|DT big|JJ stake|NN by|IN British|NNP Airways|NNP PLC|NNP .|. The|DT 1987|CD crash|NN brought|VBD the|DT Reagan|NNP administration|NN and|CC Democratic|JJ lawmakers|NNS to|TO the|DT table|NN for|IN the|DT first|JJ budget|NN summit|NN ,|, resulting|VBG in|IN a|DT two-year|JJ plan|NN to|TO reduce|VB the|DT deficit|NN by|IN more|JJR than|IN $|$ 76|CD billion|CD ,|IN even|RB though|IN the|DT deficit|NN actually|RB rose|VBD by|IN nearly|RB $|$ 12|CD billion|CD during|IN that|DT period|NN .|. Hill|NNP Democrats|NNPS are|VBP particularly|RB angry|JJ over|IN Mr.|NNP Bush|NNP 's|POS claim|NN that|IN the|DT capital-gains|NNS cut|NN was|VBD part|NN of|IN April|NNP 's|POS budget|NN accord|NN and|CC his|PRP$ insistence|NN on|IN combining|VBG it|PRP with|IN the|DT deficit-reduction|NN legislation|NN .|. When|WRB an|DT agreement|NN was|VBD reached|VBN to|TO strip|VB capital|NN gains|NNS from|IN the|DT legislation|NN ,|, Oregon|NNP Sen.|NNP Bob|NNP Packwood|NNP ,|, the|DT ranking|JJ GOP|NNP member|NN of|IN the|DT tax-writing|JJ Senate|NNP Finance|NNP Committee|NNP ,|, hailed|VBD it|PRP .|. I|PRP just|RB do|VBP n't|RB feel|VB that|IN the|DT company|NN can|MD really|RB stand|VB or|CC would|MD want|VB a|DT prolonged|JJ walkout|NN ,|, Tom|NNP Baker|NNP ,|, president|NN of|IN Machinists|NNP '|POS District|NNP 751|CD ,|, said|VBD in|IN an|DT interview|NN yesterday|NN .|. America|NNP West|NNP ,|, though|RB ,|, is|VBZ a|DT smaller|JJR airline|NN and|CC therefore|RB more|RBR affected|VBN by|IN the|DT delayed|JJ delivery|NN of|IN a|DT single|JJ plane|NN than|IN many|NN of|IN its|PRP$ competitors|NNS would|MD be|VB .|. Small|JJ investors|NNS matched|VBD their|PRP$ big|JJ institutional|JJ brethren|NNS in|IN anxiety|NN over|IN the|DT weekend|NN ,|, but|CC most|JJS seemed|VBD to|TO be|VB taking|VBG a|DT philosophical|JJ approach|NN and|CC said|VBD they|PRP were|VBD resigned|VBN to|TO riding|VBG out|RP the|DT latest|JJS storm|NN in|IN the|DT stock|NN market|NN .|. Marc|NNP Perkins|NNP ,|, a|DT Tampa|NNP ,|, Fla.|NNP ,|, investment|NN banker|NN ,|, said|VBD the|DT market|NN drop|NN is|VBZ one|CD of|IN a|DT tremendous|JJ number|NN of|IN signs|NNS that|IN the|DT leveraged|JJ take-out|NN era|NN is|VBZ ending|VBG .|. Avner|NNP Arbel|NNP ,|, a|DT Cornell|NNP University|NNP finance|NN professor|NN ,|, says|VBZ government|NN regulators|NNS will|MD have|VB to|TO more|RBR closely|RB control|VB program|NN trading|NN to|TO win|VB back|RP the|DT confidence|NN of|IN the|DT small|JJ investor|NN .|. Atari|NNP Corp.|NNP 's|POS Portfolio|NNP ,|, introduced|VBN in|IN Europe|NNP two|CD months|NNS ago|RB and|CC in|IN the|DT U.S.|NNP in|IN early|JJ September|NNP ,|, weighs|VBZ less|RBR than|IN a|DT pound|NN ,|, costs|VBZ a|DT mere|JJ $|$ 400|CD and|CC runs|VBZ on|IN three|CD AA|NN batteries|NNS ,|, yet|CC has|VBZ the|DT power|NN to|TO run|VB some|DT spreadsheets|NNS and|CC word|NN processing|NN programs|NNS .|. I|PRP 've|VBP had|VBN a|DT lot|NN of|IN people|NNS trying|VBG to|TO sell|VB me|PRP services|NNS to|TO find|VB out|RP how|WRB big|JJ it|PRP is|VBZ ,|, says|VBZ Tom|NNP Humphries|NNP ,|, director|NN of|IN marketing|NN for|IN GRiD|NNP .|. Both|DT palmtops|NNS are|VBP dismissed|VBN by|IN notebook|NN makers|NNS ,|, who|WP argue|VBP that|IN they|PRP 're|VBP too|SO small|JJ --|: a|DT problem|NN Poquet|NNP also|RB encountered|VBD in|IN focus|NN groups|NNS ,|, admits|VBZ Gerry|NNP Purdy|NNP ,|, director|NN of|IN marketing|NN .|. I|PRP ca|MD n't|RB imagine|VB that|IN you|PRP 'll|MD talk|VB to|TO anyone|DT who|WP wo|MD n't|RB tell|VB you|PRP this|DT is|VBZ dynamite|NN for|IN Compaq|NNP and|CC a|DT stopper|NN for|IN everyone|DT else|RB ,|, says|VBZ Gene|NNP Talsky|NNP ,|, president|NN of|IN Professional|NNP Marketing|NNP Management|NNP Inc.|NNP .|. Shares|NNS of|IN Rally|NNP 's|POS Inc.|NNP ,|, an|DT operator|NN of|IN fast-food|NN restaurants|NNS ,|, closed|VBD at|IN $|$ 17|CD each|DT ,|, up|RB from|IN its|PRP$ $|$ 15|CD offering|NN price|NN and|CC shares|NNS of|IN Employee|NNP Benefit|NNP Plans|NNP Inc.|NNP ,|, a|DT health-care|NN consultant|NN ,|, closed|VBD at|IN $|$ 14.125|CD ,|, up|RB from|IN its|PRP$ $|$ 12|CD offering|NN price|NN .|. The|DT No.|NN 2|CD auto|NN maker|NN disclosed|VBD last|JJ month|NN that|IN it|PRP wants|VBZ to|TO buy|VB as|RB much|NN as|IN 15|CD %|NN of|IN the|DT British|JJ luxury-car|NN maker|NN ,|, the|DT maximum|NN allowed|VBN under|IN current|JJ United|NNP Kingdom|NNP government|NN restrictions|NNS .|. But|CC Mr.|NNP Baker|NNP said|VBD he|PRP thinks|VBZ the|DT earliest|RBS a|DT pact|NN could|MD be|VB struck|VBN would|MD be|VB the|DT end|NN of|IN this|DT month|NN ,|, hinting|VBG that|IN the|DT company|NN and|CC union|NN may|MD resume|VB negotiations|NNS as|RB early|RB as|IN this|DT week|NN .|. We|PRP believe|VBP they|PRP could|MD siphon|VB perhaps|RB two|CD to|CC three|CD billion|CD dollars|NNS from|IN IBM|NNP over|IN the|DT next|JJ few|JJ years|NNS ,|, said|VBD George|NNP Weiss|NNP ,|, an|DT analyst|NN at|IN the|DT Gartner|JJR group|NN .|. But|CC Mr.|NNP Baker|NNP called|VBD the|DT letter|NN --|: and|CC the|DT company|NN 's|POS offer|NN of|IN a|DT 10|CD %|NN wage|NN increase|NN over|IN the|DT life|NN of|IN the|DT pact|NN ,|, plus|CC bonuses|NNS --|: very|RB weak|JJ .|. The|DT Fed|NNP ,|, which|WDT until|IN Friday|NNP had|VBD been|VBN resisting|VBG moves|NNS to|TO ease|VB credit|NN ,|, is|VBZ now|RB poised|VBN to|TO pour|VB money|NN into|IN the|DT economy|NN if|IN needed|VBN to|TO soothe|VB the|DT markets|NNS .|. That|DT was|VBD n't|RB the|DT case|NN in|IN 1987|CD ,|, when|WRB the|DT dollar|NN was|VBD so|SO weak|JJ that|IN some|DT economists|NNS and|CC government|NN officials|NNS seriously|RB worried|VBD that|IN it|PRP might|MD collapse|VB ,|, producing|VBG panic|NN among|IN foreign|JJ investors|NNS and|CC diminishing|VBG the|DT flow|NN of|IN foreign|JJ capital|NN to|TO the|DT U.S.|NNP .|. United|NNP Auto|NNP Workers|NNP Local|NNP 1069|NNP ,|, which|WDT represents|VBZ 3,000|CD workers|NNS at|IN Boeing|NNP 's|POS helicopter|NN unit|NN in|IN Delaware|NNP County|NNP ,|, Pa.|NNP ,|, said|VBD it|PRP agreed|VBD to|TO extend|VB its|PRP$ contract|NN on|IN a|DT day-by-day|JJ basis|NN ,|, with|IN a|DT 10-day|JJ notification|NN to|TO cancel|VB ,|, while|IN it|PRP continues|VBZ bargaining|VBG .|. If|IN the|DT reactions|NNS of|IN executives|NNS gathered|VBD Saturday|NNP at|IN Hot|NNP Springs|NNP ,|, Va.|NNP ,|, for|IN the|DT Business|NNP Council|NNP meetings|NNS are|VBP typical|JJ ,|, business|NN leaders|NNS were|VBD n't|RB overly|RB rattled|VBN by|IN Friday|NNP 's|POS decline|NN .|. And|CC Boeing|NNP on|IN Friday|NNP said|VBD it|PRP received|VBD an|DT order|NN from|IN Martinair|NNP Holland|NNP for|IN four|CD model|JJ 767-300|NNP wide-body|JJ jetliners|NNS valued|VBN at|IN a|DT total|NN of|IN about|RB $|$ 326|CD million|CD .|. Though|IN Dow|NNP has|VBZ aggressively|RB diversified|VBN into|IN specialty|NN chemicals|NNS and|CC pharmaceuticals|NNS ,|, the|DT company|NN still|RB has|VBZ a|DT big|JJ stake|NN in|IN polyethylene|NN ,|, which|WDT is|VBZ used|VBN in|IN packaging|NN and|CC housewares|NNS .|. You|PRP will|MD find|VB the|DT commodities|NNS off|RB more|RBR than|IN the|DT others|NNS and|CC the|DT diversified|JJ companies|NNS about|RB even|JJ or|CC slightly|RB better|JJR ,|, says|VBZ James|NNP Wilbur|NNP ,|, a|DT Smith|NNP Barney|NNP analyst|NN .|. Searle|NNP continued|VBD to|TO operate|VB in|IN the|DT red|NN through|IN the|DT first|JJ half|NN of|IN the|DT year|NN ,|, but|CC Monsanto|NNP has|VBZ said|VBN it|PRP expects|VBZ Searle|NNP to|TO post|VB a|DT profit|NN for|IN all|DT of|IN 1989|CD .|. A|DT Boeing|NNP spokeswoman|NN said|VBD a|DT delivery|NN date|NN for|IN the|DT planes|NNS is|VBZ still|RB being|VBG worked|VBN out|RP for|IN a|DT variety|NN of|IN reasons|NNS ,|, but|CC not|RB because|IN of|IN the|DT strike|NN .|. Among|IN classes|NNS for|IN which|WDT details|NNS were|VBD available|JJ ,|, yields|NNS ranged|VBD from|IN 8.78|CD %|NN ,|, or|CC 75|CD basis|NN points|NNS over|IN two-year|JJ Treasury|NNP securities|NNS ,|, to|TO 10.05|CD %|NN ,|, or|CC 200|CD basis|NN points|NNS over|IN 10-year|JJ Treasurys|NNPS .|. Atco|NNP Ltd.|NNP said|VBD its|PRP$ utilities|NNS arm|NN is|VBZ considering|VBG building|VBG new|JJ electric|JJ power|NN plants|NNS ,|, some|DT valued|VBN at|IN more|JJR than|IN one|CD billion|CD Canadian|JJ dollars|NNS (|LRB US$851|CD million|CD )|RRB .|. Freddie|NNP Mac|NNP said|VBD the|DT principal-only|JJ securities|NNS were|VBD priced|VBN at|IN 58|CD 1/4|CD to|TO yield|VB 8.45|CD %|NN ,|, assuming|VBG an|DT average|JJ life|NN of|IN eight|CD years|NNS and|CC a|DT prepayment|NN of|IN 160|CD %|NN of|IN the|DT PSA|NNP model|NN .|. Mr.|NNP Richardson|NNP would|MD n't|RB offer|VB specifics|NNS regarding|VBG Atco|NNP 's|POS proposed|VBN British|JJ project|NN ,|, but|CC he|PRP said|VBD it|PRP would|MD compete|VB for|IN customers|NNS with|IN two|CD huge|JJ British|JJ power|NN generating|NN companies|NNS that|WDT would|MD be|VB formed|VBN under|IN the|DT country|NN 's|POS plan|NN to|TO privatize|VB its|PRP$ massive|JJ water|NN and|CC electric|JJ utilities|NNS .|. We|PRP 're|VBP certainly|RB looking|VBG at|IN some|DT power|NN generating|NN projects|NNS in|IN England|NNP ,|, said|VBD Bruce|NNP Stram|NNP ,|, vice|NN president|NN ,|, corporate|JJ strategy|NN and|CC corporate|JJ planning|NN ,|, with|IN Enron|NNP Corp.|NNP ,|, Houston|NNP ,|, a|DT big|JJ natural|JJ gas|NN producer|NN and|CC pipeline|NN operator|NN .|. The|DT partnership|NN runs|VBZ the|DT risk|NN that|IN it|PRP may|MD not|RB get|VB the|DT approvals|NNS for|IN development|NN ,|, but|CC in|IN return|NN ,|, it|PRP can|MD buy|VB land|NN at|IN wholesale|JJ rather|RB than|IN retail|JJ prices|NNS ,|, which|WDT can|MD result|VB in|IN sizable|JJ savings|NNS ,|, said|VBD Bruce|NNP Karatz|NNP ,|, president|NN and|CC chief|JJ executive|JJ officer|NN of|IN Kaufman|NNP &|CC Broad|NNP .|. This|DT is|VBZ one|CD of|IN the|DT best|JJS ways|NNS to|TO assure|VB a|DT pipeline|NN of|IN land|NN to|TO fuel|VB our|PRP$ growth|NN at|IN a|DT minimum|JJ risk|NN to|TO our|PRP$ company|NN ,|, Mr.|NNP Karatz|NNP said|VBD .|. The|DT stock|NN ,|, having|VBG lost|VBN nearly|RB a|DT quarter|NN of|IN its|PRP$ value|NN since|IN Sept.|NNP 1|CD ,|, closed|VBD at|IN $|$ 34.375|CD share|NN ,|, down|RB $|$ 1.125|CD ,|, in|IN New|NNP York|NNP Stock|NNP Exchange|NNP composite|JJ trading|NN Friday|NNP .|. But|CC its|PRP$ competitors|NNS --|: including|VBG Dow|NNP Chemical|NNP Co.|NNP ,|, Union|NNP Carbide|NNP Corp.|NNP and|CC several|JJ oil|NN giants|NNS --|: have|VBP much|RB broader|JJR business|NN interests|NNS and|CC so|RB are|VBP better|RBR cushioned|VBN against|IN price|NN swings|NNS .|. An|DT executive|NN close|RB to|TO the|DT company|NN said|VBD RJR|NNP is|VBZ spending|VBG about|RB $|$ 140|CD million|CD on|IN network|NN television|NN time|NN this|DT year|NN ,|, down|RB from|IN roughly|RB $|$ 200|CD million|CD last|JJ year|NN .|. The|DT broadcast|NN group|NN had|VBD been|VBN based|VBN in|IN New|NNP York|NNP until|IN a|DT year|NN ago|RB ,|, when|WRB RJR|NNP 's|POS previous|JJ management|NN moved|VBD it|PRP to|TO Atlanta|NNP ,|, the|DT company|NN 's|POS headquarters|NN before|IN this|DT summer|NN .|. It|PRP also|RB said|VBD it|PRP would|MD use|VB that|DT two-and-a-half|JJ year|NN period|NN to|TO work|VB toward|IN an|DT international|JJ consensus|NN on|IN freeing|VBG up|RP the|DT international|JJ steel|NN trade|NN ,|, which|WDT has|VBZ been|VBN notoriously|RB managed|VBN ,|, subsidized|VBN and|CC protected|VBN by|IN governments|NNS .|. Mexico|NNP ,|, which|WDT was|VBD one|CD of|IN the|DT first|JJ countries|NNS to|TO conclude|VB its|PRP$ steel|NN talks|NNS with|IN the|DT U.S.|NNP ,|, virtually|RB doubled|VBD its|PRP$ quota|NN to|TO 0.95|CD %|NN of|IN the|DT U.S.|NNP steel|NN market|NN from|IN 0.48|CD %|NN under|IN the|DT previous|JJ quotas|NNS .|. Although|IN Mr.|NNP Pierce|NNP expects|VBZ that|DT line|NN of|IN business|NN to|TO strengthen|VB in|IN the|DT next|JJ year|NN ,|, he|PRP said|VBD Elcotel|NNP will|MD also|RB benefit|VB from|IN moving|VBG into|IN other|JJ areas|NNS .|. Now|RB ,|, at|IN 3:07|CD ,|, one|CD of|IN the|DT market|NN 's|POS post-crash|JJ reforms|NNS took|VBD hold|NN as|IN the|DT S&P|NNP 500|CD futures|NNS contract|NN had|VBD plunged|VBN 12|CD points|NNS ,|, equivalent|JJ to|TO around|IN a|DT 100-point|JJ drop|NN in|IN the|DT Dow|NNP industrials|NNS .|. Quest|NNP Medical|NNP Inc.|NNP said|VBD it|PRP adopted|VBD a|DT shareholders|NNS '|POS rights|NNS plan|NN in|IN which|WDT rights|NNS to|TO purchase|VB shares|NNS of|IN common|JJ stock|NN will|MD be|VB distributed|VBN as|IN a|DT dividend|NN to|TO shareholders|NNS of|IN record|NN as|IN of|IN Oct.|NNP 23|CD .|. The|DT Cincinnati|NNP consumer-products|NNS giant|NN got|VBD clobbered|VBN two|CD years|NNS ago|RB in|IN Japan|NNP when|WRB Kao|NNP introduced|VBD a|DT powerful|JJ detergent|NN ,|, called|VBD Attack|NNP ,|, which|WDT quickly|RB won|VBD a|DT 30|CD %|NN stake|NN in|IN the|DT Japanese|JJ markets|NNS .|. After|IN the|DT trading|NN halt|NN in|IN the|DT S&P|NNP 500|CD pit|NN in|IN Chicago|NNP ,|, waves|NNS of|IN selling|NN continued|VBD to|TO hit|VB stocks|NNS themselves|PRP on|IN the|DT Big|NNP Board|NNP ,|, and|CC specialists|NNS continued|VBD to|TO notch|VB prices|NNS down|RP .|. She|PRP added|VBD that|IN she|PRP expected|VBD perhaps|RB to|TO have|VB a|DT down|JJ payment|NN ...|: some|DT small|JJ step|NN to|TO convince|VB the|DT American|JJ people|NNS and|CC the|DT Japanese|JJ people|NNS that|IN we|PRP 're|VBP moving|VBG in|IN earnest|NN .|. Yet|RB more|JJR than|IN one|CD American|JJ official|NN who|WP sat|VBD in|RP with|IN her|PRP during|IN three|CD days|NNS of|IN talks|NNS with|IN Japanese|JJ officials|NNS said|VBD her|PRP$ tone|NN often|RB was|VBD surprisingly|RB conciliatory|JJ .|. Major|JJ oil|NN companies|NNS in|IN the|DT next|JJ few|JJ days|NNS are|VBP expected|VBN to|TO report|VB much|RB less|RBR robust|JJ earnings|NNS than|IN they|PRP did|VBD for|IN the|DT third|JJ quarter|NN a|DT year|NN ago|RB ,|, largely|RB reflecting|VBG deteriorating|VBG chemical|NN prices|NNS and|CC gasoline|NN profitability|NN .|. To|TO make|VB its|PRP$ point|NN ,|, it|PRP is|VBZ challenging|VBG the|DT Italian|JJ government|NN to|TO explain|VB reports|NNS that|IN Olivetti|NNP may|MD have|VB supplied|VBN the|DT Soviet|NNP Union|NNP with|IN sophisticated|JJ computer-driven|JJ devices|NNS that|WDT could|MD be|VB used|VBN to|TO build|VB parts|NNS for|IN combat|NN aircraft|NN .|. The|DT London|NNP Sunday|NNP Times|NNP ,|, which|WDT first|RB reported|VBD the|DT U.S.|NNP concerns|NNS ,|, cited|VBD a|DT U.S.|NNP intelligence|NN report|NN as|IN the|DT source|NN of|IN the|DT allegations|NNS that|IN Olivetti|NNP exported|VBD $|$ 25|CD million|CD in|IN embargoed|JJ ,|, state-of-the-art|JJ ,|, flexible|JJ manufacturing|NN systems|NNS to|TO the|DT Soviet|JJ aviation|NN industry|NN .|. Although|IN the|DT legality|NN of|IN these|DT sales|NNS is|VBZ still|RB an|DT open|JJ question|NN ,|, the|DT disclosure|NN could|MD n't|RB be|VB better|RBR timed|VBN to|TO support|VB the|DT position|NN of|IN export-control|JJ hawks|NNS in|IN the|DT Pentagon|NNP and|CC the|DT intelligence|NN community|NN .|. It|PRP seems|VBZ to|TO me|PRP that|IN a|DT story|NN like|IN this|DT breaks|VBZ just|RB before|IN every|DT important|JJ Cocom|NNP meeting|NN ,|, said|VBD a|DT Washington|NNP lobbyist|NN for|IN a|DT number|NN of|IN U.S.|NNP computer|NN companies|NNS .|. In|IN theory|NN at|IN least|JJS ,|, tight|JJ supplies|NNS next|JJ spring|NN could|MD leave|VB the|DT wheat|NN futures|NNS market|NN susceptible|JJ to|TO a|DT supply-demand|JJ squeeze|NN ,|, said|VBD Daniel|NNP Basse|NNP ,|, a|DT futures|NNS analyst|NN with|IN AgResource|NNP Co.|NNP in|IN Chicago|NNP .|. Although|IN some|DT analysts|NNS look|VBP for|IN profit-taking|NN in|IN the|DT wake|NN of|IN Friday|NNP 's|POS leap|NN in|IN crude|JJ oil|NN prices|NNS ,|, last|JJ week|NN 's|POS rally|NN is|VBZ generally|RB expected|VBN to|TO continue|VB this|DT week|NN .|. On|IN the|DT New|NNP York|NNP Mercantile|NNP Exchange|NNP ,|, West|NNP Texas|NNP Intermediate|NNP crude|NN for|IN November|NNP delivery|NN finished|VBD at|IN $|$ 20.89|CD a|DT barrel|NN ,|, up|RB 42|CD cents|NNS on|IN the|DT day|NN .|. And|CC Carl|NNP Spielvogel|NNP ,|, chief|JJ executive|JJ officer|NN of|IN Saatchi|NNP 's|POS big|JJ Backer|NNP Spielvogel|NNP Bates|NNP advertising|NN unit|NN ,|, said|VBD he|PRP had|VBD offered|VBN to|TO lead|VB a|DT management|NN buy-out|NN of|IN the|DT company|NN ,|, but|CC was|VBD rebuffed|VBN by|IN Charles|NNP Saatchi|NNP .|. Mr.|NNP Spielvogel|NNP had|VBD said|VBN that|IN Prudential-Bache|NNP was|VBD prepared|VBN to|TO finance|VB either|CC a|DT management|NN buy-out|NN and|CC restructuring|NN ,|, or|CC a|DT buy-out|NN of|IN Backer|NNP Spielvogel|NNP alone|RB ,|, led|VBN by|IN him|PRP .|. As|IN expected|VBN ,|, Young|NNP &|CC Rubicam|NNP Inc.|NNP along|IN with|IN two|CD senior|JJ executives|NNS and|CC a|DT former|JJ employee|NN ,|, pleaded|VBD not|RB guilty|JJ in|IN federal|JJ court|NN in|IN New|NNP Haven|NNP ,|, Conn.|NNP ,|, to|TO conspiracy|NN and|CC racketeering|NN charges|NNS .|. A|DT spokesman|NN for|IN the|DT U.S.|NNP Attorney|NNP 's|POS office|NN said|VBD extradition|NN proceedings|NNS are|VBP just|RB beginning|VBG for|IN the|DT other|JJ two|CD defendants|NNS in|IN the|DT case|NN ,|, Eric|NNP Anthony|NNP Abrahams|NNP ,|, former|JJ Jamaican|JJ tourism|NN minister|NN ,|, and|CC Jamaican|JJ businessman|NN Arnold|NNP Foote|NNP Jr.|NNP .|. The|DT maker|NN of|IN computer-data-storage|JJ products|NNS said|VBD net|JJ income|NN rose|VBD to|TO $|$ 4.8|CD million|CD ,|, or|CC 23|CD cents|NNS a|DT share|NN ,|, from|IN year-earlier|JJ net|NN of|IN $|$ 1.1|CD million|CD ,|, or|CC five|CD cents|NNS a|DT share|NN .|. Total|JJ advertising|NN linage|NN was|VBD modestly|RB lower|JJR as|IN classified-ad|NN volume|NN increased|VBD ,|, while|IN there|EX was|VBD softer|JJR demand|NN for|IN retail|JJ and|CC national|JJ ad|NN linage|NN ,|, said|VBD John|NNP Curley|NNP ,|, Gannett|NNP 's|POS chief|JJ executive|JJ officer|NN .|. The|DT publisher|NN of|IN the|DT Boston|NNP Globe|NNP reported|VBD net|NN of|IN $|$ 8.5|CD million|CD ,|, or|CC 12|CD cents|NNS a|DT share|NN ,|, compared|VBN with|IN a|DT loss|NN of|IN $|$ 26.5|CD million|CD ,|, or|CC 38|CD cents|NNS a|DT share|NN ,|, for|IN the|DT third|JJ quarter|NN in|IN 1988|CD .|. Third-quarter|JJ profit|NN estimates|NNS for|IN several|JJ companies|NNS are|VBP being|VBG strongly|RB affected|VBN by|IN the|DT price|NN of|IN newsprint|NN ,|, which|WDT in|IN the|DT last|JJ two|CD years|NNS has|VBZ had|VBN several|JJ price|NN increases|NNS .|. After|IN a|DT supply|NN crunch|NN caused|VBD prices|NNS to|TO rise|VB 14|CD %|NN since|IN 1986|CD to|TO $|$ 650|CD a|DT metric|JJ ton|NN ,|, analysts|NNS are|VBP encouraged|JJ ,|, because|IN they|PRP do|VBP n't|RB expect|VB a|DT price|NN increase|NN for|IN the|DT rest|NN of|IN this|DT year|NN .|. The|DT Miami|NNP market|NN is|VBZ coming|VBG back|RB strong|JJ after|IN a|DT tough|JJ couple|NN of|IN years|NNS when|WRB Knight-Ridder|NNP was|VBD starting|VBG up|RP a|DT Hispanic|JJ edition|NN and|CC circulation|NN was|VBD falling|VBG ,|, said|VBD Bruce|NNP Thorp|NNP ,|, an|DT analyst|NN for|IN Provident|NNP National|NNP Bank|NNP .|. General|NNP Motors|NNP Corp.|NNP ,|, in|IN a|DT series|NN of|IN moves|NNS that|WDT angered|VBD union|NN officials|NNS in|IN the|DT U.S.|NNP and|CC Canada|NNP ,|, has|VBZ signaled|VBN that|IN as|AS many|JJ as|IN five|CD North|JJ American|JJ assembly|NN plants|NNS may|MD not|RB survive|VB the|DT mid-1990s|NNS as|IN the|DT corporation|NN struggles|VBZ to|TO cut|VB its|PRP$ excess|JJ vehicle-making|JJ capacity|NN .|. Jerry|NNP Shrieves|NNP ,|, UAW|NNP local|JJ president|NN ,|, said|VBD the|DT facility|NN was|VBD asked|VBN to|TO draw|VB up|RP plans|NNS to|TO continue|VB working|VBG as|IN a|DT flex|JJ plant|NN ,|, which|WDT could|MD build|VB several|JJ different|JJ types|NNS of|IN products|NNS on|IN short|JJ notice|NN to|TO satisfy|VB demand|NN .|. The|DT Fiero|NNP plant|NN was|VBD viewed|VBN as|IN a|DT model|NN of|IN union-management|JJ cooperation|NN at|IN GM|NNP before|IN slow|JJ sales|NNS of|IN the|DT Fiero|NNP forced|VBD the|DT company|NN to|TO close|VB the|DT factory|NN last|JJ year|NN .|. Spokesmen|NNP for|IN Merieux|NNP and|CC Connaught|NNP said|VBD they|PRP had|VBD n't|RB been|VBN informed|VBN of|IN specific|JJ areas|NNS of|IN concern|NN by|IN either|CC the|DT government|NN or|CC Investment|NNP Canada|NNP ,|, but|CC added|VBD they|PRP hope|VBP to|TO have|VB more|JJR information|NN early|RB this|DT week|NN .|. The|DT University|NNP is|VBZ seeking|VBG to|TO block|VB the|DT acquisition|NN of|IN Connaught|NNP by|IN foreign|JJ interests|NNS ,|, citing|VBG concerns|NNS about|IN the|DT amount|NN of|IN research|NN that|WDT would|MD be|VB done|VBN in|IN Canada|NNP .|. Weatherford|NNP suspended|VBD its|PRP$ preferred-dividend|JJ payment|NN in|IN October|NNP 1985|CD and|CC said|VBD it|PRP has|VBZ n't|RB any|DT plans|NNS to|TO catch|VB up|RP on|IN dividends|NNS in|IN arrears|NNS about|RB $|$ 6|CD million|CD ,|, but|CC will|MD do|VB so|RB some|DT time|NN in|IN the|DT future|NN .|. Additionally|RB ,|, the|DT company|NN said|VBD it|PRP filed|VBD with|IN the|DT Securities|NNP and|CC Exchange|NNP Commission|NNP for|IN the|DT proposed|JJ offering|NN of|IN 10|CD million|CD shares|NNS of|IN common|JJ stock|NN ,|, expected|VBD to|TO be|VB offered|VBN in|IN November|NNP .|. At|IN those|DT levels|NNS ,|, stocks|NNS are|VBP set|VBN up|RP to|TO be|VB hammered|VBN by|IN index|NN arbitragers|NNS ,|, who|WP lock|VBP in|RP profits|NNS by|IN buying|VBG futures|NNS when|WRB futures|NNS prices|NNS fall|VBP ,|, and|CC simultaneously|RB sell|VBP off|RP stocks|NNS .|. Amid|IN a|DT crowd|NN of|IN crashing|VBG stocks|NNS ,|, Relational|NNP Technology|NNP Inc.|NNP 's|POS stock|NN fell|VBD particularly|RB hard|RB Friday|NNP ,|, dropping|VBG 23|CD %|NN because|IN its|PRP$ problems|NNS were|VBD compounded|VBN by|IN disclosure|NN of|IN an|DT unexpected|JJ loss|NN for|IN its|PRP$ fiscal|JJ first|JJ quarter|NN .|. In|IN a|DT lovely|JJ ,|, novelistic|JJ memoir|NN ,|, Sleeping|NN Arrangements|NNS (|LRB Knopf|NNP ,|, 195|CD pages|NNS ,|, $|$ 18.95|CD )|RRB .|. Her|PRP$ friend|NN Susan|NNP ,|, whose|WP$ parents|NNS kept|VBD reminding|VBG her|PRP she|PRP was|VBD unwanted|JJ ,|, slept|VBD on|IN a|DT narrow|JJ bed|NN wedged|VBN into|IN her|PRP$ parents|NNS '|POS bedroom|NN ,|, as|IN though|IN she|PRP were|VBD a|DT temporary|JJ visitor|NN .|. Gulf|NNP Resources|NNP &|CC Chemical|NNP Corp.|NNP said|VBD it|PRP agreed|VBD to|TO pay|VB $|$ 1.5|CD million|CD as|IN part|NN of|IN an|DT accord|NN with|IN the|DT Environmental|NNP Protection|NNP Agency|NNP regarding|VBG an|DT environmental|JJ cleanup|NN of|IN a|DT defunct|JJ smelter|NN the|DT company|NN formerly|RB operated|VBD in|IN Idaho|NNP .|. Gulf|NNP Resources|NNP earlier|RBR this|DT year|NN proposed|VBD a|DT reorganization|NN plan|NN that|WDT would|MD make|VB it|PRP a|DT unit|NN of|IN a|DT Bermuda|NNP concern|NN ,|, potentially|RB exempting|VBG it|PRP from|IN liability|NN for|IN the|DT smelter|NN 's|POS cleanup|NN costs|NNS .|. The|DT terms|NNS of|IN that|DT agreement|NN only|RB become|VBP effective|JJ the|DT date|NN of|IN Gulf|NNP 's|POS reorganization|NN ,|, which|WDT we|PRP anticipate|VBP will|MD occur|VB sometime|RB in|IN early|JJ 1990|CD ,|, said|VBD Lawrence|NNP R.|NNP Mehl|NNP ,|, Gulf|NNP 's|POS general|JJ counsel|NN .|. In|IN addition|NN ,|, Gulf|NNP must|MD give|VB the|DT government|NN 20|CD days|NNS '|POS advance|JJ written|JJ notice|NN of|IN any|DT loans|NNS exceeding|VBG $|$ 50|CD million|CD that|WDT are|VBP made|VBN to|TO the|DT Bermuda-based|JJ holding|NN company|NN .|. I|PRP 'm|VBP not|RB going|VBG to|TO worry|VB about|IN one|CD day|NN 's|POS decline|NN ,|, said|VBD Kenneth|NNP Olsen|NNP ,|, Digital|NNP Equipment|NNP Corp.|NNP president|NN ,|, who|WP was|VBD leisurely|RB strolling|VBG through|IN the|DT bright|JJ orange|JJ and|CC yellow|JJ leaves|NNS of|IN the|DT mountains|NNS here|RB after|IN his|PRP$ company|NN 's|POS shares|NNS plunged|VBD $|$ 5.75|CD to|TO close|VB at|IN $|$ 86.50|CD .|. Asked|VBN whether|IN Friday|NNP 's|POS action|NN could|MD help|VB him|PRP avoid|VB being|VBG Trumped|VBN by|IN the|DT New|NNP York|NNP real|JJ estate|NN magnate|NN ,|, Mr.|NNP Crandall|NNP smiled|VBD broadly|RB and|CC said|VBD :|IN No|DT comment|NN .|. As|IN businesses|NNS contract|VBP or|CC depart|VBP ,|, the|DT number|NN of|IN employees|NNS who|WP might|MD use|VB retail|JJ services|NNS shrinks|VBZ ,|, says|VBZ Edward|NNP A.|NN Friedman|NNP ,|, senior|JJ vice|NN president|NN of|IN Helmsley|NNP Spear|NNP Inc.|NNP .|. In|IN the|DT seven|CD Supreme|NNP Court|NNP terms|NNS from|IN the|DT fall|NN of|IN 1962|CD through|IN the|DT spring|NN of|IN 1967|CD ,|, the|DT height|NN of|IN the|DT Warren|NNP Court|NNP 's|POS power|NN ,|, Justice|NNP Brennan|NNP cast|VBD only|RB 25|CD dissenting|JJ votes|NNS in|IN 555|CD cases|NNS decided|VBN by|IN the|DT court|NN .|. If|IN the|DT role|NN these|DT four|CD dissenters|NNS are|VBP assuming|VBG is|VBZ a|DT familiar|JJ one|CD in|IN modern|JJ Supreme|NNP Court|NNP history|NN ,|, it|PRP also|RB differs|VBZ in|IN an|DT important|JJ way|NN from|IN recent|JJ history|NN ,|, court|NN watchers|NNS say|VBP .|. The|DT dissenters|NNS of|IN the|DT Warren|NNP Court|NNP were|VBD often|RB defending|VBG a|DT legal|JJ legacy|NN that|IN they|PRP inherited|VBD ,|, says|VBZ Prof.|NNP A.E.|NNP Dick|NNP Howard|NNP of|IN the|DT University|NNP of|IN Virginia|NNP Law|NNP School|NNP ,|, but|CC the|DT dissenters|NNS today|NN are|VBP defending|VBG a|DT legacy|NN that|IN they|PRP created|VBD .|. The|DT group|NN is|VBZ led|VBN by|IN Jay|NNP Shidler|NNP ,|, chief|JJ executive|JJ officer|NN of|IN Shidler|NNP Investment|NNP Corp.|NNP in|IN Honolulu|NNP ,|, and|CC A.|NNP Boyd|NNP Simpson|NNP ,|, chief|JJ executive|NN of|IN the|DT Atlanta-based|JJ Simpson|NNP Organization|NNP Inc.|NNP .|. The|DT four|CD S&Ls|NNS were|VBD sold|VBN to|TO large|JJ banks|NNS ,|, as|IN was|VBD the|DT case|NN with|IN most|JJS of|IN the|DT 28|CD previous|JJ transactions|NNS initiated|VBN by|IN the|DT Resolution|NNP Trust|NNP Corp.|NNP since|IN it|PRP was|VBD created|VBN in|IN the|DT S&L|NN bailout|NN legislation|NN two|CD months|NNS ago|RB .|.